The Ghana Stock Exchange (GSE) surged past the 8,000 mark on Thursday, driven by strong performances from leading financial, energy, and consumer stocks.
The session marked another day of bullish momentum, with market capitalization rising sharply despite lower trading volumes compared to earlier in the week.
The GSE Composite Index (GSE-CI) gained 217.6 points to close at 8,046.69, while the GSE Financial Stocks Index (GSE-FSI) rose 43.49 points to 3,738.36.
The year-to-date performance of the indices remains impressive, with the GSE-CI up 64.6% and the financial index up 57.02%, reflecting the strength of Ghana’s equities market over the past nine months.
Trading activity on Thursday totaled 416,360 shares worth GH¢1.51 million, a decline from Wednesday’s 745,940 shares valued at GH¢9.31 million. Despite the lower volume, the market capitalization increased to GH¢160.74 billion, signaling that investors were willing to pay higher prices for actively traded shares.
Tuesday’s session had seen the highest volume of the week at nearly 5 million shares, demonstrating the contrast between trading activity and price movement this week.
Several companies recorded significant price gains. Ecobank Ghana PLC (EGH) led the session with a GH¢1.00 increase to GH¢11.00, while TotalEnergies Marketing Ghana PLC (TOTAL) rose GH¢0.41 to GH¢35.49, and Fan Milk PLC (FML) added GH¢0.18 to GH¢5.28.
Other notable winners included Scancom PLC (MTNGH), which rose GH¢0.17 to GH¢4.29, and Enterprise Group PLC (EGL), up GH¢0.10 to GH¢3.20. Cal Bank PLC (CAL) and Clydestone (CLYD) also recorded modest gains, while Unilever Ghana PLC (UNIL) posted a slight decline of GH¢0.01 to GH¢19.99.
The upward movement of major stocks helped push the GSE Composite Index above the 8,000-point mark, a level that investors have closely watched. Financial and energy stocks were the main contributors, accounting for most of the gains in both value and market capitalization.
Meanwhile, the overall lower volume indicates that fewer shares were traded, but the shares that changed hands were mostly in demand, driving prices higher.
