The Ghana Stock Exchange (GSE) kicked off August on a strong note, with its main performance indicator, the GSE Composite Index (GSE-CI), climbing above the 7,000-point mark. This signals growing investor confidence and rising share prices for some major companies.
By the close of trading on Monday, August 4, the GSE-CI had gained 11.24 points, reaching 7,005.69, up from 6,994.45 last Friday. The index tracks how the prices of selected companies on the stock market are moving and serves as a broad indicator of market health.
Also improving slightly was the Financial Stocks Index (GSE-FSI), which focuses only on banks and other financial institutions. It edged up by 0.38 points to reach 3,428.53.
So far this year, the GSE-CI has gone up by 43.31%, while the financial stocks index has risen by 44.01%, reflecting solid growth in stock values.
Trading activity on Monday was vibrant, with 5.45 million shares changing hands, amounting to a total value of about GH¢19.07 million. The overall value of the market (market capitalization) also rose to GH¢146.27 billion, meaning investors continue to put money into the market.
The momentum continued with four companies recording changes in their share prices, three going up and one losing value.
GCB Bank PLC (GCB) led the gainers, adding 2 pesewas to close at GH¢9.54 per share. The bank traded just over 2,000 shares, worth GH¢19,442.52.
Ghana Oil Company PLC (GOIL) also saw its share price increase slightly by 1 pesewa, ending at GH¢2.17, with nearly 8,700 shares traded, valued at about GH¢18,781.35.
MTN Ghana (Scancom PLC) rose by 1 pesewa as well to GH¢3.56, and recorded the highest trading volume of the day, over 5.17 million shares, worth GH¢18.4 million.
On the losing side, SIC Insurance PLC (SIC) fell by 1 pesewa, closing the session at GH¢1.04. It traded 11,775 shares, valued at GH¢12,246.
