Ghana’s stock market rose slightly on Thursday as investors continued to buy and sell shares, keeping the market moving ahead of the end-of-week trading.
The main index, called the GSE Composite Index, ended the day at 8,859 points, up 26 points from Wednesday. The total value of all companies listed on the market now stands at about GH¢176.85 billion.
Trading on Thursday saw nearly 3.8 million shares change hands, worth over GH¢18 million. Scancom, the telecom company, had the most activity, with many investors buying and selling its shares, which closed at GH¢4.25.
Other companies that gained include Cal Bank, which rose to GH¢0.63, Enterprise Group to GH¢3.52, and First Atlantic Bank to GH¢7.77.
This week, the market has been moving steadily. Since Monday, the GSE Composite Index is up about 1 percent, showing that investors are feeling a little more confident. Banks and telecom companies are leading the gains, with other shares trading more quietly. The Financial Stocks Index, which tracks banks and insurance companies, also rose slightly, ending Thursday at 4,683 points.
Investors are now looking to Friday’s trading to see if the market will continue this small upward trend.
Overall, the week shows that the Ghana stock market is moving forward, slowly but steadily. The market is giving both new and experienced investors something to watch as the week comes to an end.
