The Ghana Stock Exchange surged midweek, with the GSE Composite Index (GSE-CI) recording a sharp rise of 85.32 points to close at 6,396.77 on Wednesday, May 7, 2025.
This 1.35 percent increase from Tuesday’s close marks one of the strongest single-day performances in recent weeks and reflects growing investor confidence in the local equities market. The index has now posted a year-to-date gain of 30.85 percent.
The financial stocks index, the GSE Financial Stocks Index (GSE-FSI), remained flat at 3,130.76, but continues to hold a strong year-to-date return of 31.50 percent. Market capitalization also crossed a new threshold, rising to GH¢140.03 billion, an increase of over GH¢1 billion in just 24 hours.
Trading activity picked up considerably by midweek, with 902,741 shares changing hands on Wednesday at a market value of GH¢3.76 million. This was a notable recovery from Tuesday’s slower session, which saw only 321,415 shares traded at a value of GH¢2.03 million. Monday, however, still holds the record for the week’s highest volume and value traded, with over 1.26 million shares worth GH¢14.78 million exchanged.
MTN Ghana (Scancom PLC) emerged as the biggest gainer of the day, with its share price climbing by 8 pesewas to close at GH¢3.29. The telecom giant also led the day in trading volume, with 527,560 shares valued at GH¢1.74 million. On the other end of the spectrum, the NewGold ETF recorded a marginal loss, falling by GH¢1.45 to end the day at GH¢440.05, despite trading nearly 4,000 shares worth GH¢1.75 million.
Other equities that saw significant trading activity included Cal Bank, which traded 245,745 shares, and Ecobank Transnational Inc. (ETI), which moved 122,663 shares. Ghana Oil Company (GOIL) and NewGold ETF also recorded notable volumes, reflecting a broader spread of investor interest across key sectors.
