The Ghana Stock Exchange (GSE) closed Wednesday, April 23, 2025, on a broadly positive note, with both major indices edging higher. The GSE Composite Index (GSE-CI) rose by 5.75 points to 6,058.28, while the GSE Financial Stocks Index (GSE-FSI) increased by 3.33 points to 3,092.22. These gains extend the market’s year-to-date growth to 23.93% and 29.88% respectively, underlining investor confidence.
Yet the upbeat market mood was marred by a sharp plunge in NewGold (GLD). After closing Tuesday at GH¢508.31, the gold-backed ETF tumbled by GH¢18.69 to end Wednesday at GH¢489.62.
The price drop marks a stark reversal from the previous day’s gain of GH¢17.85, when NewGold had climbed from GH¢490.46 to GH¢508.31. The ETF also saw an increase in trading activity, with 3,212 shares exchanged on Wednesday, totaling GH¢1.57 million, nearly triple Tuesday’s value of GH¢561,685.26.
TotalEnergies Marketing Ghana PLC (TOTAL) performed strongly on the day, gaining GH¢0.34 to close at GH¢24.42. The stock recorded a trading volume of 26,345 shares, generating a turnover of GH¢642,987.94, reinforcing investor interest in the energy sector.
Standard Chartered Bank Ghana PLC (SCB) also ended higher, climbing by GH¢0.10 to settle at GH¢26.16. The bank saw 11,456 shares traded, with a total transaction value of GH¢299,656.90, contributing to the boost in the financial stocks index.
Trust Bank Gambia Ltd (TBL) added GH¢0.08 to its previous price, closing at GH¢0.91. The bank traded 2,501 shares, totaling GH¢2,275.91, reflecting modest investor participation.
Ghana Oil Company PLC (GOIL) posted a marginal gain of GH¢0.01, closing at GH¢1.76. The oil marketing company traded 1,000 shares valued at GH¢1,760.00.
Overall, the exchange saw robust trading volumes of 4.92 million shares, with a total turnover of GH¢16.29 million. Market capitalization also inched up to GH¢135.46 billion, reflecting the continued growth trajectory of the local bourse.
