The Ghana Stock Exchange (GSE) closed higher on Tuesday, as price increases in some key consumer and banking stocks helped push the market upward.
Trading activity improved sharply, with the total value of shares traded jumping to GH¢5.69 million, more than double the GH¢2.65 million recorded on Monday. About 1.28 million shares were traded, compared to 1.21 million the previous day.
The GSE Composite Index, which measures the overall performance of listed companies, rose by 14.37 points to close at 8,495.76 points. The Financial Stocks Index, which tracks the performance of banks and insurance companies, also gained 6.13 points to reach 3,959.70 points. This brought the total market value to GH¢166.80 billion, showing steady investor confidence.
Fan Milk PLC (FML) led the gainers, rising by 30 pesewas to close at GH¢6.30. It was followed by Guinness Ghana Breweries PLC (GGBL), which gained 29 pesewas to also close at GH¢6.30.
Other companies that recorded small gains included Enterprise Group PLC (EGL), SIC Insurance PLC (SIC), Republic Bank Ghana PLC (RBGH), CAL Bank PLC, and Societe Generale Ghana PLC (SOGEGH).
Meanwhile, Access Bank Ghana PLC (ACCESS) lost 9 pesewas to close at GH¢16.25, and NewGold ETF (GLD) fell by GH¢5.91 to end at GH¢462.04, following a global dip in gold prices.
Guinness Ghana recorded the highest value of trades for the day, with GH¢1.85 million, representing a large share of total market activity.
So far this year, the GSE has performed strongly, with its main index up 73.79%, and the financial index up 66.32%, making it one of Africa’s best-performing stock markets.
