Ghana’s stock market staged a strong rally yesterday, lifting total market capitalization to GH¢251 billion as the GSE Composite Index rose 384 points to 13,734.54. Investor sentiment was buoyed by broad-based gains, particularly among financial and consumer stocks, amid steady trading volumes.
Trading activity remained healthy, with 4.92 million shares exchanging hands, valued at over GH¢39.3 million, marginally higher than the previous day’s 4.91 million shares worth GH¢37.8 million.
Among the top gainers, Ecobank Ghana PLC (EGH) rose GH¢4.00 to close at GH¢57.00, trading over 101,000 shares, while Enterprise Group PLC (EGL) gained GH¢0.72 to close at GH¢8.20 on a volume of 102,334 shares. Ecobank Transnational Inc. (ETI) added GH¢0.10 to reach GH¢1.42, with 190,502 shares changing hands.
Consumer-focused stocks also performed strongly. Fan Milk PLC (FML) advanced GH¢0.54 to GH¢15.89, while Guinness Ghana Breweries (GGBL) added GH¢0.35 to finish at GH¢15.00. The Ghana Oil Company (GOIL) gained GH¢0.47, closing at GH¢5.25, although volumes were relatively light at 1,373 shares.
Telecommunications saw Scancom PLC (MTNGH) edge slightly higher, with a closing price of GH¢5.78, up GH¢0.02, on 3.08 million shares traded. Banking stocks followed the bullish trend: GCB Bank PLC (GCB) jumped GH¢3.27 to close at GH¢45.28, Republic Bank (RBGH) rose GH¢0.23 to GH¢2.62, and Standard Chartered Bank Ghana (SCB) gained GH¢4.29, finishing at GH¢47.24.
Insurance stocks also participated in the rally. SIC Insurance Company (SIC) closed at GH¢4.61, up GH¢0.33, while Societe Generale Ghana (SOGEGH) added GH¢0.42, ending at GH¢11.51. Finally, Unilever Ghana PLC (UNIL) recorded a gain of GH¢0.94, closing at GH¢27.90, reflecting strength in consumer staples.
The GSE Financial Stocks Index mirrored the upward momentum, rising 427.72 points to 8,495.93, highlighting the pivotal role of banking and insurance shares in driving overall market gains.
Year-to-date, the market remains on a strong upward trajectory. The GSE Composite Index has surged 56.6%, while the Financial Stocks Index is up 82.8%, reflecting renewed investor confidence and robust activity across key sectors.
