The Ghana Stock Exchange (GSE) wrapped up the February 13, 2025, trading session with a mix of movements, as SIC Insurance, Ecobank Transnational Incorporated (ETI), and NewGold Issuer Limited (GLD) led the pack of gainers.
While the broader market showed steady progress, investor interest remained focused on select stocks, fueling notable price jumps.
Market Overview
The GSE Composite Index (GSE-CI) inched up to 5,296.34 points, building on the previous session’s 5,277.85 points. Market capitalization also gained momentum, climbing to GH¢119.19 billion from GH¢118.44 billion.
Top Performers: Who Won the Day?
- SIC Insurance (SIC) stole the spotlight, surging 7.41% from GH¢0.27 to GH¢0.29. Though only 10,000 shares exchanged hands, the increase reflects growing confidence in the stock, with a total transaction value of GH¢2,900.00.
- ETI followed closely, gaining 6.82% as its price moved from GH¢0.44 to GH¢0.47. With 90,401 shares traded and a transaction value of GH¢42,334.46, ETI saw strong investor participation.
- NewGold Issuer Limited (GLD) held firm, rising 1.41% to GH¢432.40. While its percentage gain was smaller, the stock commanded a significant transaction value of GH¢433,266.00, with 1,002.43 shares traded—further cementing its appeal as a gold-backed security.
Market Trends & Outlook
Total market activity saw 130,990 shares traded, slightly lower than the 139,005 shares recorded in the previous session.
Meanwhile, the Financial Stock Index climbed to 2,553.80 points, boosted by banking and insurance sector gains.
