Trading on the Ghana Stock Exchange (GSE) picked up pace yesterday, December 17, with the market showing modest gains, driven largely by financial stocks, even as some top performers experienced mixed price movements.
The GSE Composite Index (GSE-CI) rose 14.94 points to 8,721.73, while the GSE Financial Stocks Index (GSE-FSI) gained 20.54 points to close at 4,583.21. Year-to-date, the indices continue to post impressive returns, with the GSE-CI up 78.41% and the GSE-FSI surging 92.51% since the start of 2025.
Trading volumes also strengthened, reflecting renewed investor activity. Yesterday, a total of 4,833,127 shares changed hands, valued at GH¢6.61 million, marking a slight increase from Tuesday’s turnover of GH¢19.58 million across 4,617,438 shares.
Among individual stocks, Cal Bank PLC (CAL) was one of the top movers, rising GH¢0.04 to close at GH¢0.58, on a robust 3.81 million shares traded. Investors seemed encouraged by the bank’s steady performance, pushing the share above its previous VWAP of GH¢0.54.
GCB Bank PLC (GCB) also recorded gains, with its share price climbing GH¢0.07 to GH¢19.58, after opening at GH¢19.51. Though trading volumes were modest at 5,448 shares, the stock’s movement reinforced confidence in the financial sector amid strong market sentiment.
On the flip side, NewGold (GLD) saw a minor setback, dropping GH¢3.29 to close at GH¢489.02, despite opening at GH¢492.31. Only 139 units traded, signaling limited activity in the exchange-traded gold instrument, though it remains well above its year low of GH¢338.83.
The momentum in financials continues to support overall gains in the GSE, while commodity-linked stocks like NewGold remain more volatile.
The market capitalization of the GSE increased slightly to GH¢168.69 billion, signaling continued investor confidence in the local equities market.
