The Ghana Stock Exchange (GSE) closed Thursday, December 18, on a positive note, with the GSE Composite Index (GSE-CI) rising 24 points to 8,745.74 and the Financial Stocks Index (GSE-FSI) gaining 33 points to 4,616.20. Year-to-date, the indices remain strong, up 78.9% and 93.9% respectively.
Trading was quieter than earlier in the week, with 1.52 million shares changing hands for a total value of GH¢6.15 million. Market capitalization edged higher to GH¢168.97 billion.
Financial stocks led the way yesterday. Cal Bank PLC climbed 5 pesewas to close at GH¢0.63 on 224,000 shares, while GCB Bank PLC added 34 pesewas to settle at GH¢19.92, despite modest volumes.
Gold securities, however, struggled. NewGold (GLD) dipped GH¢8.35 to close at GH¢480.67, reflecting investor caution and profit-taking after a strong run earlier in the week.
Looking at the week so far, trading has been lively. Monday kicked off with 1.34 million shares traded, while Tuesday and Wednesday saw heavier activity, with over 4 million shares exchanged each day and turnover peaking at nearly GH¢20 million on Tuesday. Financials have driven market momentum, while gold has shown more volatility.
Thursday’s session capped a week of mixed but generally positive sentiment, with investors favoring financial stocks while rebalancing positions in gold as the year draws to a close.
