Midweek trading on the Ghana Stock Exchange (GSE) saw a slight rebound in momentum, with more activity on the board than Tuesday. But the biggest headline came from a quiet shake in the gold-backed ETF, NewGold, which became the only equity to record a price change during Wednesday’s session, and it was a drop.
NewGold, often viewed by investors as a cushion in uncertain times, lost GH¢5.96 in value, closing at GH¢361.74 from a previous price of GH¢367.70. Though the day started steady with no change at opening, the fund slipped mid-session, with the final trade settling lower. About 150 units were traded, amounting to GH¢54,260.60, a modest volume, but enough to mark the ETF as the day’s lone mover.
Beyond NewGold, the rest of the market stood still. Both the GSE Composite Index (GSE-CI) and the GSE Financial Stocks Index (GSE-FSI) remained flat for the second consecutive day, closing at 6,436.54 and 3,412.75 points, respectively. No other listed stocks recorded gains or losses.
However, beneath the surface of price movement, trading value and volume showed signs of life. On Wednesday, total market turnover reached GH¢4.88 million, a marked improvement from Tuesday’s GH¢2.02 million. Share volume also bounced up to 569,162 shares, almost doubling the day before’s figure of 311,618 shares, though still well below Monday’s bustling start to the week, which saw 6.37 million shares traded and a value spike of GH¢25.4 million.
Market capitalization, a measure of the total value of listed companies, dipped slightly from GH¢139.23 billion on Monday to GH¢139.21 billion by Wednesday, a subtle reflection of NewGold’s price decline, even as most stocks held their ground.
Still, the broader picture remains bright. Since the start of 2025, the Ghanaian equity market has posted impressive gains. The composite index is up by 31.67%, while financial stocks have soared 43.35% year-to-date, signs of continued investor confidence despite day-to-day fluctuations.
