Ghana Stock Exchange (GSE) closed the week with a mixed performance, as modest gains in the benchmark indices contrasted with a notable decline in total market value.
The Composite Index (GSE-CI) inched up by 0.15 per cent to close at 8,622.64, buoyed largely by improved activity in select banking and energy counters.
Similarly, the Financial Stock Index (GSE-FSI) advanced by 0.71 per cent to 4,487.85, reflecting renewed interest in key financial sector stocks.
Despite the uptick in the indices, market breadth tilted negative, with losses in some major counters dragging total market capitalisation lower by GH¢8.53 million, settling at GH¢166.48 billion for the week.
Ecobank Ghana (EGH) led the gainers, climbing GH¢1.02 to GH¢24.02, with a 3.98 per cent share price appreciation.
Other banks
CAL Bank followed with a GH¢0.03 increase to GH¢0.41, while GOIL added GH¢0.02 to close at GH¢2.85.
However, profit-taking activities weighed on several large-cap counters. MTN Ghana shed GH¢0.01 to close at GH¢4.20, Ecobank Transnational Incorporated (ETI) slipped GH¢0.01 to GH¢0.80, TOTALE fell GH¢0.04 to GH¢40.37, and NewGold ETF (GLD) retreated by GH¢0.51 to GH¢449.35.
The GSE's year-to-date performance remains impressive, with the GSE-CI gaining 76.39 per cent and the GSE-FSI climbing 88.5 per cent.
Despite the mixed performance, market analysts expect the GSE to remain resilient, driven by renewed interest in key financial sector stocks and improved activity in select counters.
The exchange closed the week marginally stronger on the indices but weaker in value terms, as declines in heavyweight stocks offset gains recorded across other sectors.