The Ghana Stock Exchange (GSE) closed Monday’s trading session on a quiet but positive note, as the Composite Index edged up slightly despite thin volumes and limited market activity. Gains in Cocoa Processing Company (CPC) and Ghana Oil Company (GOIL) provided the main lift for the market, while most counters remained flat.
The GSE Composite Index (GSE-CI) gained 1.96 points to close at 7,348.65, extending its remarkable year-to-date rally of over 50 percent. However, the GSE Financial Stocks Index (GSE-FSI) was unchanged at 3,409.46, reflecting muted investor appetite for financial equities. The modest rise in the benchmark was largely driven by movements in a handful of non-financial stocks, particularly CPC and GOIL.
Trading volumes remained subdued, with 239,052 shares valued at GH¢706,541.34 changing hands. This relatively low turnover underscores the cautious mood among investors, even as the overall market capitalization closed higher at GH¢149.93 billion. The quiet session suggests that while confidence in the market’s medium-term outlook remains firm, short-term activity is being dictated by selective interest in a few counters.
Two stocks registered price changes on the day. Cocoa Processing Company (CPC) saw a sharp rise, climbing from GH¢0.02 to GH¢0.03, a 50 percent gain, though on thin trading volumes of 7,970 shares worth GH¢239.10. Ghana Oil Company (GOIL) recorded a marginal increase from GH¢2.26 to GH¢2.27, up 0.44 percent, with 7,261 shares worth GH¢16,482.47 traded. All other equities closed flat, indicating that the day’s upward momentum was narrow and concentrated.
Overall, Monday’s session reflected a market in consolidation mode, steadying after weeks of strong gains. The headline indices remain on course for one of their best performances in years, but with low daily activity, momentum is being shaped by selective plays rather than broad-based buying.
