Trading on the Ghana Stock Exchange (GSE) stayed upbeat on Wednesday, July 30, with the market’s benchmark Composite Index (GSE-CI) gaining 105.82 points to close at 6,776.09 points. The rally lifted market capitalization to GH¢143.46 billion, extending the positive momentum that has defined much of recent trading sessions.
The GSE Financial Stocks Index (GSE-FSI), however, ticked down slightly by 1.11 points to end the day at 3,422.89 points. Despite that dip, the broader year‑to‑date picture remains strong: the Composite Index has risen 38.61% since January, and the FSI remains up an impressive 43.77%.
Midweek activity was lively, with 3.88 million shares worth GH¢12.08 million changing hands. Scancom PLC (MTNGH) was the clear market driver, accounting for nearly the entire day’s value with 3.44 million shares traded for GH¢11.52 million. The telecom giant’s stock climbed GH¢0.10 to close at GH¢3.35, helping lift the broader market.
The only major counter to post a decline was SIC Insurance Company PLC (SIC), which shed GH¢0.05 to finish at GH¢1.05. SIC saw 366,358 shares trade hands, valued at GH¢384,746.35, but the volume wasn’t enough to stop its slip.
Powered by MTN’s rally and steady index strength, the GSE ended Wednesday’s trading firmly in positive territory, keeping the market’s upward momentum intact as investors look toward the end of July.
