Friday, March 14, 2025

GSE Composite Index rises as market capitalization hits GH¢133.14 billion

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The Ghana Stock Exchange (GSE) has witnessed gains in key indices, with the GSE Composite Index climbing 2.03 points to close at 6,043.39 points, pushing its year-to-date (YTD) return to 23.67%.

The Financial Stock Index also advanced by 2.85 points to settle at 2,901.03 points, reflecting a 21.85% YTD return.

The overall market capitalization has also seen an increase of GH¢43.14 million, reaching GH¢133.14 billion.

However, trading activity has declined, as the volume of shares traded dropped by 47.99% to 290,131, with a total trade value of GH¢942,728.17.

Among the gainers for the day, SIC Insurance (SIC), Société Générale Ghana (SOGEGH), and NewGold ETF (GLD) have seen price increases, closing at GH¢0.39, GH¢1.58, and GH¢437.70, respectively.

MTN Ghana (MTNGH) also led the day’s trading activity with 227,639 shares valued at GH¢721,615.63.

Other active stocks included CAL Bank (CAL), SIC Insurance (SIC), Société Générale Ghana (SOGEGH), and Ecobank Transnational Incorporated (ETI), rounding up the top five most traded equities.

The performance of the market indicates continued investor interest, particularly in banking and telecom stocks, despite the decline in trading volume.

SP/EB

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