The Ghana Stock Exchange (GSE) extended its bullish run during the April 22, 2025 trading session, as the benchmark indices posted modest gains and several stocks recorded notable price increases.
The GSE Composite Index (GSE-CI) climbed by 10.24 points to close at 6,052.53, up from 6,042.29 in the previous session. The GSE Financial Stocks Index (GSE-FSI) also edged higher by 3.74 points, settling at 3,088.89. Year-to-date, the indices have now gained 23.81% and 29.74%, respectively.
Trading resumed after the Monday holiday with 2,057,097 shares exchanging hands, valued at GH¢6.17 million. Market capitalization stood at GH¢135.44 billion.
Among the day’s top performers, NewGold ETF (GLD) led with a GH¢17.85 increase, closing at GH¢508.31. The gold-backed exchange-traded fund surged from GH¢490.46, underscoring investor confidence in safe-haven assets amid global economic uncertainties. The strong uptick represents a 3.64% gain.
Benso Palm Plantation PLC (BOPP) followed closely, recording a GH¢2.70 price increase to close at GH¢29.75, reaching its year high. The stock opened at GH¢27.05 and traded 1,695 shares with a total value of GH¢50,426.25.
Enterprise Group PLC (EGL) also ended the session on a strong note, gaining GH¢0.07 to close at GH¢2.65, marking another year high. The stock saw 12,899 shares traded, totaling GH¢34,182.35.
GCB Bank PLC (GCB) registered a GH¢0.05 uptick, ending at GH¢7.31. It opened at the same price, with 1,900 shares traded and a value of GH¢13,889.00.
SIC Insurance PLC (SIC) recorded a GH¢0.04 gain to close at GH¢0.70, which also represents its year high. A total of 6,143 shares were traded, generating a value of GH¢4,300.10.
The broad gains reflect continued positive sentiment on the local bourse, driven by investor interest in both equities and commodities. The performance of GLD in particular may signal growing appetite for inflation-hedged instruments amid global economic uncertainties.
Globally, gold prices have surged to unprecedented levels, with spot prices recently crossing the $3,500 per ounce mark, marking a 28% year-to-date increase. This rally is fueled by heightened geopolitical tensions, persistent inflation in advanced economies, and increased demand for safe-haven assets.
Analysts project this upward trend to continue, with forecasts suggesting gold prices could reach $3,700 by the end of 2025 and potentially surpass $4,000 by mid-2026.
This global momentum may have contributed to the strong performance of NewGold ETF on the GSE, making it a standout asset for risk-averse investors navigating uncertain macroeconomic conditions.
