Last week, the Ghana Stock Exchange showed a strong and positive performance. The main market index, which tracks how all listed companies are doing, started at 7,172 points on Monday September 8, and ended the week at 7,269 points on Friday, September 12.
This rise means the market gained a little over 1 percent in just five days. The total value of all companies on the exchange also went up, reaching GH¢149 billion by the end of the week.
How People Traded
Trading on the exchange varied throughout the week. On Monday, the market was very busy, with 4,414,795 shares changing hands, valued at GH¢15.79 million. Things slowed down midweek, especially on Thursday, when only 407,090 shares were traded for about GH¢517,572.
By Friday, trading picked up again, with 689,448 shares changing hands, worth GH¢3.92 million, showing that investors returned to the market as the week came to an end. Overall, people were active in buying and selling shares, even if some days were calmer than others.
Which Companies Shone
Some companies had more movement than others. GCB Bank stood out, with its share price rising from GH¢11.02 to GH¢12.12, a gain of GH¢1.10, nearly 10 percent for the week. Energy companies like GOIL moved slightly, from GH¢2.31 to GH¢2.33, and TOTAL from GH¢31.96 to GH¢31.97, showing they remain safe, reliable choices.
Gold Fields (GLD) was more volatile: it dropped sharply from GH¢416.00 on Tuesday to GH¢400.70 on Wednesday, then bounced back to GH¢407.92 by the end of the week. Other big companies, like ACCESS Bank (from GH¢16.36 to GH¢16.35) and AADS (from GH¢0.41 to GH¢0.42), hardly changed, showing that some stocks remain steady no matter what.
All in all, last week was a good one for the market. People are feeling confident about investing, especially in banks and well-established companies.
The GSE Composite Index (GSE-CI) has risen about 48.7% year-to-date, while the GSE Financial Stocks Index (GSE-FSI) is up around 46.1% since January, showing that both the overall market and financial sector have performed strongly this year.
At the same time, some investors are keeping an eye on more unpredictable sectors like gold, hoping for bigger gains.
