The Ghana Stock Exchange (GSE) ended Thursday, August 28, 2025, on a brighter note, defying a slowdown in market activity. Both the main indices and market capitalization gained ground, showing once again how price movements in heavyweight stocks can sway the market even when overall liquidity thins out.
Trading was relatively muted, with just 283,272 shares worth GH¢1.47 million changing hands, the lowest turnover so far this week. Despite this slowdown, the GSE Composite Index (GSE-CI) inched up by 1.06 points to close at 7,340.08, while the GSE Financial Stocks Index (GSE-FSI) advanced by 1.5 points to 3,411.96. Market capitalization also ticked higher to GH¢149.71 billion, its strongest level of the week.
The day’s lift came from two key performers: GCB Bank PLC and the NewGold ETF (GLD). GCB added GH¢0.05 to close at GH¢10.01, boosting the financial stocks index, while GLD jumped GH¢7.07 to finish at GH¢395.47. With trades worth more than GH¢802,000, GLD alone accounted for over half of the day’s market value. These moves proved decisive in offsetting the otherwise subdued market mood.
Looking at the week so far, liquidity has been uneven. Tuesday recorded the heaviest trading, with nearly 700,000 shares changing hands, though it coincided with a sharp dip in the Composite Index. Wednesday saw the highest market value at more than GH¢2 million, helping the index rebound slightly.
Thursday’s gains, though supported by much lighter activity, extended that recovery, hinting that investor confidence is slowly firming up as the week draws to a close.
In essence, Thursday’s performance underscored that market direction is more about price shifts in influential stocks than the sheer volume of trades. Even with fewer deals crossing the floor, the twin strength of GCB and GLD was enough to pull the market higher, giving investors reason to look to Friday with cautious optimism.
