Market capitalisation hits GH¢135.97bn on the GSE
The Ghana Stock Exchange (GSE) extended its bullish run on the back of gains recorded in select banking and telecom equities, as the benchmark GSE Composite Index (GSE-CI) advanced by 30.47 points to close at 6,095.57 points.
This pushed the index’s Year-to-Date (YTD) return to 24.69%.
The Financial Stock Index (GSE-FSI) also closed higher, rising by 12.83 points to 3,112.17 points, reflecting a YTD return of 30.72%, buoyed by renewed investor interest in financial sector stocks.
Market capitalisation surged by GH¢369.34 million to settle at GH¢135.97 billion, driven by price appreciations in telecom and banking stocks.
Trading activity recorded a sharp rebound, with the volume of shares traded increasing by 94.88% to 341,936 shares.
This translated into a total trade value of GH¢15.2 million.
MTN Ghana (MTNGH) and Société Générale Ghana (SOGEGH) emerged as gainers for the session, closing at GH¢3.02 and GH¢1.76 respectively.
However, the Ghana Stock Exchange-listed gold ETF (GLD) continued its losing streak, closing the session lower at GH¢450.45.
Ecobank Transnational Incorporated (ETI) led trading activity with 199,183 shares valued at GH¢175,281.04, topping the volume chart.
Other equities that featured in the top five most traded stocks were CAL Bank (CAL), GLD, SOGEGH, and MTNGH, in descending order of trade volumes.
SP/AE
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