The Ghana Stock Exchange (GSE) started the week on a strong note, with the market posting impressive gains despite mixed performances across individual stocks.
The benchmark GSE Composite Index rose by 74.65 points to close at 6,288.99, bringing its year-to-date (YTD) performance to +28.65%. The Financial Stocks Index stayed flat at 3,129.19, yet continues to deliver solid returns, up 31.43% YTD.
Total market activity for Monday reached 1.26 million shares traded, with a transaction value of GH¢14.78 million. Market capitalization ended the day at GH¢138.67 billion.
MTN Ghana Lifts the Market
At the center of Monday’s rally was Scancom PLC (MTNGH), the telecom giant behind MTN Ghana. The stock saw a 7 pesewa increase, closing at GH¢3.19 from a previous GH¢3.12, placing it within a whisper of its 52-week high of GH¢3.20.
What made MTN stand out even more was the sheer volume of trading activity, over 1 million shares exchanged hands, generating a value of GH¢3.2 million.
Gold ETF Takes a Hit, but Dominates Trade Value
While MTN buoyed the index, NewGold ETF (GLD) moved in the opposite direction. The ETF dropped GH¢2.58, closing at GH¢438.50. Despite the dip, it was the day’s highest value mover, contributing a massive GH¢10.9 million in traded value across just 24,861 shares
High-Volume Stocks
- Fan Milk PLC (FML) attracted attention with 160,425 shares traded, valued at GH¢609,615. While the stock price remained unchanged at GH¢3.80, the high volume points to accumulation by institutional investors.
- Ecobank Transnational Inc. (ETI) posted 51,124 shares traded, worth GH¢46,011.60 — again, no price change, but clear activity.
- Cal Bank (CAL) saw a more modest 7,486 shares move, totaling GH¢4,847.20, reflecting steady investor interest in the banking sector.
- Dannex Ayrton Starwin (DASPHARMA) also recorded 13,000 shares traded at a flat price of GH¢0.38, showing quiet yet consistent activity.
These counters, while not necessarily gaining in price, played a key role in the day’s turnover
