The Ghana Stock Exchange (GSE) ended the trading week on a strong note, with the GSE Composite Index (GSE-CI) closing at 6,180.14 points on Friday, reflecting a steady climb from 6,138.28 points at the start of the week. This gain of 41.86 points highlights renewed investor confidence, particularly in key equities that drove the market upward. The Financial Stock Index also saw a moderate improvement, closing at 3,036.85 points compared to Monday’s 3,005.68 points.
Trading activity remained vibrant throughout the week, with a total of 2,761,058 shares changing hands, translating into a market value of ₵50.5 million. Market capitalization saw a notable increase, rising from ₵135.97 billion on Monday to ₵136.51 billion by the end of the week, further solidifying the market’s positive trajectory.
Investor interest was particularly high in NewGold ETF (GLD), which led trading volumes with 110,111 shares, valued at ₵48.94 million. MTN Ghana (MTNGH) also witnessed significant activity, trading 182,789 shares, worth ₵578,615.40. Access Bank (ACCESS) and CAL Bank (CAL) followed closely, with 45,874 shares and 44,181 shares traded, respectively. The strong participation in these stocks underscored investor appetite for both telecom and banking equities.
The week also saw notable price gains in several stocks. NewGold ETF (GLD) recorded the highest price appreciation, gaining ₵7.72, while Total Petroleum Ghana (TOTAL) followed with a ₵2.18 increase. Ecobank Ghana (EGH) and Access Bank (ACCESS) both added ₵0.25, with Enterprise Group Limited (EGL) advancing by ₵0.22. GCB Bank (GCB) and SIC Insurance (SIC) also posted gains of ₵0.12 and ₵0.03, respectively. Interestingly, no stock recorded a decline in value, reinforcing the week’s bullish sentiment.
The GSE’s performance throughout the week signals growing confidence in the market, supported by a combination of increased liquidity and strategic investments in key equities.
