The Ghana Stock Exchange (GSE) ended Thursday on a positive note, continuing the upward trend seen earlier this week.
The GSE Composite Index (GSE-CI) rose by 35.34 points, closing at 8,365.89, while the Financial Stocks Index (GSE-FSI) gained 46.49 points to end the day at 3,849.00. The market’s total value reached GH¢ 165.08 billion as investors exchanged 1.52 million shares worth GH¢ 8.32 million.
Ecobank Ghana was the day’s biggest gainer, rising GH¢ 1.20 to 13.20, reflecting strong interest in financial stocks. Cal Bank, Enterprise Group, and Ghana Oil Company also recorded modest increases, while NewGold was the only stock to fall, dipping 18 cents.
Enterprise Group recorded the highest trading volume with over 47,000 shares exchanged, while NewGold accounted for the largest value traded due to its high share price.
This week, the market has been steadily rising. The GSE Composite Index moved from 8,161 on Monday to 8,365 yesterday, showing consistent gains, while the Financial Stocks Index rose from 3,802 to 3,849.
Analysts attribute the gains to growing investor confidence in banks and other major companies, while some profit-taking in precious metals like NewGold has slightly tempered the market.
In all, the Ghana stock market continues to perform strongly, with the year-to-date gain for the GSE-CI at 71% and 61% for the Financial Stocks Index, reflecting sustained optimism among investors as trading activity picks up in the latter part of the week.
