The Ghana Stock Exchange (GSE) had a good day on Tuesday, February 18, 2025, as the market picked up momentum with five stocks making gains. The GSE Composite Index (GSE-CI) rose to 5,412.62 points, up from 5,369.51 points the previous day.
But who were the real winners?
- NewGold ETF (GLD) was the star of the show, adding GH₵1.17 (0.27%) to close at a solid GH₵434.17. With 12,515 shares traded, valued at over GH₵5.4 million, GLD clearly attracted some big money.
- Ecobank Transnational Incorporated (ETI) followed closely, flexing with a GH₵0.05 (10%) gain to land at GH₵0.55. It saw 52,000 shares exchanged, raking in GH₵28,600.00.
- CalBank (CAL) kept things steady with a GH₵0.01 (2.3%) rise, closing at GH₵0.45, on a trading volume of 30,605 shares worth GH₵13,716.20.
- GCB Bank (GCB) didn’t want to be left out, adding GH₵0.06 (0.93%) to reach GH₵6.50, with over 10,524 shares worth GH₵68,406.00 swapping hands.
- MTN Ghana (MTNGH), Ghana’s telecom giant, edged up GH₵0.01 (0.36%) to close at GH₵2.81, with 13,247 shares traded, valued at GH₵37,232.01.
Market Mood: Rising but Cautious
The overall market capitalization climbed from GH₵120.60 billion on Monday to GH₵121.96 billion on Tuesday, nice growth! However, trading volume took a dip, shrinking from 1,138,489 shares to just 199,085 shares.
Not everyone was in the winner’s club. Some big names like Enterprise Group Ltd (EGL), Standard Chartered Bank (SCB), and Societe Generale Ghana (SOGEGH) saw trading activity but didn’t move the needle in terms of price changes.
What Changed?
- The GSE Composite Index gained 43.11 points, signaling renewed confidence in the market.
- The Financial Stock Index (FSI) surged from 2,567.22 to 2,638.29, thanks to the strong showing from CAL, ETI, and GCB.
- Trading volume dropped significantly, suggesting that while some stocks were in demand, overall market activity slowed.
