The equity market extended its bullish trajectory on Thursday, May 8, 2025 rose by broad-based gains in financial and energy stocks.
The benchmark GSE Composite Index rose 20.77 points to close at 6,417 points translating into a year-to-date gain of 31.28%.
Trading activity was markedly elevated, with volumes surging 112.6% to 1.92 million shares while total turnover nearly doubled to GH¢6.98 million.
The rally added GH¢237.9 million to the market’s total capitalisation which climbed to GH¢140.27 billion.
Investor sentiment was buoyed by sustained interest in telecoms and financial stocks.
MTN Ghana (MTNGH) led trading activity accounting for GH¢5.69 million of the total value traded on the day, supported by a 0.01 gain in its share price to GH¢3.30 extending its year-to-date return to 32%.
GCB Bank topped the list of price gainers climbing GH¢0.20 to close at GH¢7.60 reflecting a 19.31% gain since the start of the year.
SIC Insurance continued its impressive run advancing 0.07 pesewas to GH¢0.77 bringing its year-to-date performance to 185.2%.
Oil marketing firm GOIL edged up by 0.01 to GH¢1.77 while TotalEnergies Marketing Ghana gained GH¢0.49 to end the session at GH¢25.00.
The GSE Financial Stock Index (GSE-FSI) mirrored the broad-market gains adding 7.55 points to close at 3,138 points with its year-to-date return improving to 31.82%.
SP/MA
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