Ghana Stock Exchange gains as trading volume surge
The Ghana Stock Exchange Composite Index (GSE-CI) advanced 0.61% last week to close at 6,217.90 points, moderating from the previous week’s 1.16% gain.
The Financial Stock Index (GSE-FSI) rose 0.74% to 3,059.30 points, bringing its year-to-date return to 28.50%.
The market capitalisation of the GSE edged higher to GH¢136.99 billion, up from GH¢136.51 billion the previous week, underpinned by strong buying activity.
Trading volumes soared 347.19% last week although overall market turnover declined by 18.73%, reflecting a shift in investor appetite toward higher liquidity.
Winners and losers
Gold-backed ETF GLD and Access Bank Ghana led the market, closing at GH¢458.01 and GH¢9.07, respectively.
CAL Bank slipped from GH¢0.05 to GH¢0.75, trimming recent gains.
Market movers
MTN Ghana remained the most actively traded stock, with 11.00 million shares changing hands at GH¢34.70 million.
Access Bank Ghana, at the lower end of the top five, saw 108,129 shares traded, amounting to GH¢895,026.83.
The week’s performance suggests sustained investor interest, albeit with signs of selective profit-taking.
Activity in financial and telecom stocks remains robust, as traders recalibrate their positions in response to shifting market dynamics.
SP/EB