The Ghana Stock Exchange (GSE) witnessed an eventful trading session on Wednesday, February 19, 2025, with notable price movements among key stocks, particularly NewGold (GLD), MTN Ghana (MTNGH), GOIL, and Total Ghana (TOTAL). The market closed with increased investor activity, leading to a rise in market capitalization to GH¢123.2 billion, up from GH¢121.96 billion on Tuesday.
Market Performance and Key Gainers
The standout performer of the session was NewGold (GLD), which gained GH¢5.83 (1.34%) to close at GH¢440.00. A total of 11,138 shares were traded, with a corresponding value of GH¢4,900,720.00. This performance reflects growing investor confidence in the gold-backed exchange-traded fund (ETF).
MTN Ghana (MTNGH) also saw a significant price movement, appreciating by GH¢0.09 (3.3%) to close at GH¢2.90. It was among the most actively traded stocks of the day, with 158,485 shares exchanged, amounting to a total trading value of GH¢459,553.00.
Total Ghana (TOTAL) posted a gain of GH¢0.21 (1.56%), closing at GH¢13.62. The stock recorded a moderate trading volume of 1,607 shares, valued at GH¢22,618.45.
Meanwhile, GOIL saw a marginal increase of GH¢0.01 (0.63%), closing at GH¢1.60. The oil marketing company traded 2,213 shares, with a total transaction value of GH¢3,540.67.
Overall Market Trends
Despite varied performances across different sectors, the GSE Composite Index (GSE-CI) closed at 5,510.82 points, showing a steady uptrend. The Financial Stock Index (FSI), however, remained unchanged at 2,638.29 points.
From Monday to Wednesday, a total of 1,522,627 shares were traded on the exchange, showing fluctuating investor interest. Monday recorded the highest volume of 1,138,499 shares, while Tuesday and Wednesday saw 199,085 shares and 185,043 shares, respectively.
Key Highlights:
- NewGold (GLD) gained 1.34% to close at GH¢440.00, with 11,138 shares traded at a value of GH¢4,900,720.00.
- MTN Ghana (MTNGH) rose 3.3% to GH¢2.90, trading 158,485 shares worth GH¢459,553.00.
- Total Ghana (TOTAL) climbed 1.56% to GH¢13.62, with 1,607 shares traded for GH¢22,618.45.
- GOIL inched up 0.63% to GH¢1.60, exchanging 2,213 shares valued at GH¢3,540.67.
