The Ghana Stock Exchange (GSE) ended the week on a high, closing Friday’s session, May 9, 2025, with a trading value of GH¢17.4 million, the highest single-day turnover recorded during the week.
Despite trading fewer shares than the previous day, market activity remained vibrant, buoyed by significant value contributions from MTN Ghana (MTNGH) and the gold-backed Exchange Traded Fund (GLD). The benchmark GSE Composite Index (GSE-CI) inched up by 0.55 points to settle at 6,418.09, while the GSE Financial Stocks Index (GSE-FSI) posted a 0.77-point gain, pushing its year-to-date growth from 31.29% to 31.85%.
Investor attention was firmly fixed on GLD, which dominated the value chart with over GH¢15.9 million in trades despite a slight dip in price to GH¢427.01. MTN Ghana followed closely with GH¢5.7 million in value traded, closing the week at GH¢3.30 after a marginal gain.
Several equities saw price movements during the week. TotalEnergies advanced by GH¢0.49 to close at GH¢25.00, while SIC Insurance gained GH¢0.07 to end at GH¢0.77. Enterprise Group (EGL), GCB Bank, GOIL, and ACCESS Bank also recorded price upticks, contributing to the week’s bullish sentiment.
Meanwhile, GLD continued to exhibit volatility throughout the week, with prices swinging between GH¢441.50 and GH¢427.01, yet maintaining investor interest as a reliable hedge amid global uncertainty.
The week’s market capitalization peaked on Thursday at GH¢140.27 billion before slipping slightly to GH¢140.25 billion by Friday’s close.
While the market indices showed only modest movement, the spike in trade value, especially from heavyweight stocks, signals investor confidence in Ghana’s equity market and sustained appetite for telecom and commodity-backed assets.
