Sunday, April 6, 2025

GSE Composite Index rises as market capitalisation surges by GH¢283.2 million

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GSE market capitalisation surges by GH¢283.2 million GSE market capitalisation surges by GH¢283.2 million

The Ghana Stock Exchange (GSE) extended its gains, with the GSE Composite Index (GSE-CI) rising 24.30 points to close at 6,065.93, bringing its year-to-date (YTD) return to 24.09%.

The Financial Stock Index (GSE-FSI) also posted gains, adding 3.24 points to 3,063.35, with a 28.67% YTD return.

Market capitalisation rose by GH¢283.27 million to GH¢135.12 billion, as investor sentiment remained upbeat.

Trading volumes increased 26.77%, with 1,177,815 shares changing hands, amounting to a total turnover of GH¢28.8 million.

Gainers and Laggards

Ecobank Ghana (EGH) led the day’s gainers, closing at GH¢3.02, while CAL Bank (CAL) and NewGold ETF (GLD) recorded declines.

Market activity

• GCB Bank (GCB) led trading volumes, with 820,786 shares, valued at GH¢5.79 million.

• Other heavily traded stocks included Ecobank Transnational (ETI), MTN Ghana (MTNGH), CAL Bank (CAL), and NewGold ETF (GLD).

The strong performance underscores sustained demand for financial stocks, with investors positioning for continued momentum.

SP/MA

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