The Ghana Stock Exchange (GSE) kicked off the week with an upward trend, as the GSE Composite Index (GSE-CI) climbed by 16.95 points to close at 6,054.80. This marks a positive shift from last Friday’s 6,037.85, signaling renewed investor confidence.
Top Gainers:
Investors in TOTAL Petroleum had a strong start to the week, with the stock gaining GH₵1.64, closing at GH₵18.11—the biggest jump of the day.
Ecobank Ghana (EGH) also saw a boost, climbing by GH₵0.05 to GH₵6.35, while CAL Bank ticked up slightly by GH₵0.01, settling at GH₵0.78.
Biggest Loser: NewGold (GLD) Drops
The biggest hit of the day came from NewGold (GLD), which saw a significant dip of GH₵2.69, closing at GH₵431.51. This drop could catch the attention of gold investors, especially given the stock’s strong performance in previous sessions.
Trade volume
The number of shares traded fell sharply from 2.53 million last Friday to 324,396 on Monday; however, NewGold (GLD) remained dominant in trade value, contributing significantly to the total GH₵416,408 exchanged on the market.
Meanwhile, financial stocks held steady as the Financial Stock Index posted a slight gain from 2,889.14 to 2,892.19, while banking stocks also maintained stability with no major price movements recorded.
Key Highlights
- GSE Composite Index rose by 16.95 points to 6,054.80, showing investor confidence.
- TOTAL Petroleum led gains, rising GH₵1.64 to GH₵18.11.
- NewGold (GLD) was the biggest loser, dropping GH₵2.69 to GH₵431.51.
- Trade volume fell sharply from 2.53 million to 324,396 shares, but NewGold (GLD) dominated in value.
- Financial stocks remained stable, with a slight gain in the Financial Stock Index to 2,892.19.
