GSE ends week with strong gains
THE Ghana Stock Exchange (GSE) closed last Wednesday’s trading session firmly in positive territory, buoyed by renewed investor interest in major equities that pushed benchmark indices higher.
The GSE Composite Index (GSE-CI) rose 106.24 points, a 1.20 per cent gain, to close at 8,925.23 points. The advance lifted the market’s year-to-date (YTD) return to 1.77 per cent.
The GSE Financial Stocks Index (GSE-FSI) performed even stronger, climbing 2.88 per cent to end at 4,833.05 points and improving its YTD return to 4.00 per cent.
While indices posted solid gains, overall market activity was subdued. Trading volume fell 54.48% to 1.14 million shares, and the total value traded declined 48.42 per cent to GH¢4.56 million compared to the previous session.
Price appreciation
Several stocks recorded notable price appreciation. Enterprise Group (EGH) and GCB Bank led the gainers, rising GH¢2.62 and GH¢1.49 to close at GH¢28.87 and GH¢21.66, respectively.
Benso Oil Palm Plantation (BOPP) added GH¢1.39 to finish at GH¢60.00. Access Bank, Ecobank Transnational Incorporated (ETI), and First Atlantic Bank (FAB) each gained GH¢0.01.
MTN Ghana
MTN Ghana dominated trading activity, accounting for the lion’s share of turnover with GH¢3.02 million in trades across 719,311 shares, making it the most actively traded stock of the session.
By value, MTN was followed by Access Bank, First Atlantic Bank, Enterprise Group, and ETI.
The session underscored continued investor confidence, particularly in financial and large-cap stocks, extending the positive momentum the GSE has enjoyed since the beginning of the year.