The Ghana Stock Exchange recorded a slight increase in trading on Tuesday, December 2, helped mainly by renewed interest in banking stocks.
The market’s main indicator, the GSE Composite Index, which simply measures the general performance of the stock market, moved up by 1.17 points to close at 8,611.87. The index for financial companies also rose, gaining 1.64 points to end the day at 4,459.35.
Trading was much busier than the previous day. The number of shares bought and sold jumped from about 1.27 million on Monday to 3.77 million on Tuesday, with the total value of these transactions amounting to GH¢2.88 million.
The overall worth of all companies listed on the exchange also improved slightly, reaching GH¢166.5 billion.
Cal Bank was the most active stock for the day. Its share price moved from GH¢0.41 to GH¢0.42 after more than 3.4 million shares were traded. Ecobank Ghana also saw a small gain, rising from GH¢23.00 to GH¢23.01 after a number of investors picked up shares.
Although Tuesday’s gains were modest, the broader picture remains strong. Since January, the market has delivered a solid performance, with the main index up by more than 76 percent and the financial index up by over 87 percent.
This shows that investor confidence in the market has stayed firm throughout the year.
