The Ghana Stock Exchange (GSE) started the week with signs of stabilization following a turbulent close in March. On Monday, March 30, the GSE Composite Index (GSE-CI) rebounded by 105.77 points to 13,095.56, as investors cautiously returned after last week’s steep declines.
Market capitalization rose to GH¢246.48 billion, supported by moderate trading activity totaling 2.16 million shares valued at GH¢11.8 million.
Last week, the market experienced significant volatility. The GSE-CI fell sharply from 15,316.66 on Tuesday, March 24, to 12,989.79 by Friday, March 27, a loss of over 2,300 points in just four sessions. Trading volumes and value spiked dramatically on Thursday, March 26, with 55.95 million shares changing hands, valued at GH¢300.5 million, largely attributed to block trades and portfolio adjustments.
The GSE Financial Stocks Index (GSE-FSI) also dropped 267.8 points on Friday, closing at 8,374.06, despite year-to-date gains of 80.2%.
Monday’s session reflected a mixed market sentiment. Scancom PLC (MTNGH) led trading activity, rising GH¢ 0.25 to GH¢ 5.28 on 1.2 million shares, while GCB Bank PLC (GCB) recorded a notable drop of GH¢ 3.33 to GH¢ 30.05.
Other notable movers included GOIL, which rose marginally by GH¢ 0.02 to GH¢ 7.88, and TotalEnergies Marketing Ghana PLC (TOTAL), which declined GH¢ 1.49 to GH¢ 34.64.
Investors appear to be starting April cautiously, encouraged by the composite index rebound but still wary of ongoing weakness in the financial sector.
Monday’s stabilization could mark the start of a recovery after last week’s massive dip, yet trading is expected to remain sensitive to broader economic developments and sector-specific shifts throughout the week.
