The Ghana Stock Exchange (GSE) posted modest gains yesterday, extending a slightly upward trend that has characterized the market so far this week. The market showed resilience despite a slowdown in trading activity, as investors focused on select stocks that drove the overall indices higher.
Wednesday’s trading saw the GSE Composite Index rise to 7,196.64 points, up 24.2 points from Tuesday’s close of 7,172.44. Market capitalization increased slightly to GH¢147,976 million, signaling a modest expansion in overall market value. Total shares traded, however, dropped sharply to 409,119, with a value of GH¢4.40 million, down from 3.45 million shares worth GH¢13.49 million on Tuesday, reflecting quieter midweek activity.
Several key stocks led the gains during the session. GCB Bank Plc closed at GH¢12.12, up GH¢1.10, while NewGold (GLD) surged GH¢7.22 to GH¢407.92, highlighting continued interest in financial and gold-linked securities. Meanwhile, Ghana Oil Company Plc (GOIL) and TotalEnergies Marketing Ghana Plc (TOTAL) remained largely unchanged, closing near their opening prices, showing stability in the energy sector.
Looking at the week so far, the market began with relatively strong trading volumes on Monday, eased slightly on Tuesday, and slowed further on Wednesday, yet still recorded gains in the composite and financial stock indices.
Year-to-date, the GSE Composite Index has climbed 47.21 percent, with the Financial Stocks Index up 46.05 percent, reflecting sustained growth and selective investor confidence in key sectors.
