The Ghana Stock Exchange (GSE) lit up on Tuesday, March 18, 2025, as investors fueled a market rally driven by strong performances from NewGold (GLD), ACCESS Bank, and Enterprise Group Limited (EGL). The bullish sentiment pushed the GSE Composite Index to 6,154.92 points, up from 6,138.28 points, marking yet another day of gains.
Gold-backed NewGold (GLD) stole the spotlight, surging by GH₵7.72 to close at GH₵452.22, proving once again that investors are flocking to safe-haven assets.
Meanwhile, the financial sector flexed its muscles as ACCESS Bank jumped GH₵0.25 to GH₵8.25, and Ecobank Ghana (EGH) climbed GH₵0.25 to GH₵6.60.
GCB Bank (GCB) added GH₵0.12, settling at GH₵6.71, while EGL posted an impressive GH₵0.22 gain, closing at GH₵2.47. SIC Insurance edged up by GH₵0.03 to close at GH₵0.42, and Societe Generale Ghana (SOGEGH) rose by GH₵0.01 to end the day at GH₵1.59.
The market was buzzing with activity as trading volume swelled to 748,650 shares, up from 525,902 in the previous session. MTN Ghana (MTNGH) led the charge, which saw 276,662 shares change hands. CalBank (CAL) also made waves with 231,985 shares traded, adding to the market’s strong liquidity.
With a total transaction value of GH₵877,018.54, investors showed renewed confidence, pushing the GSE’s market capitalization to GH₵136.2 billion. Notably, GLD contributed a staggering GH₵45.8 million in trade value, underlining the growing appetite for commodity-backed investments.
With financial stocks gaining traction and gold maintaining its shine, all eyes are on whether the bullish momentum will continue. As investor optimism builds, the coming days could set the stage for even more excitement on the GSE.
Key Highlights
- The GSE Composite Index gained 16.64 points, closing at 6,154.92.
- NewGold (GLD) recorded the highest price change, rising by GH₵7.72 to close at GH₵452.22.
- ACCESS Bank and Ecobank Ghana saw gains of GH₵0.25 each, while EGL, GCB, and SIC Insurance also advanced.
- Market activity surged, with total trading volume increasing to 748,650 shares, driven by strong interest in MTN Ghana and CalBank.
- GLD dominated trading value, contributing GH₵45.8 million to the total transaction value of GH₵877,018.54.
- Market capitalization now stands at GH₵136.2 billion.
