The Ghana Stock Exchange (GSE) Composite Index climbed 50.92 points to 6,437.68 in Monday’s trading session, marking a 0.8% gain driven by banking sector activity.
Total market turnover reached GH¢25.4 million with 6.37 million shares traded, while the Financial Stocks Index dipped slightly by 3.35 points to 3,414.36. The advance extends the GSE-CI’s year-to-date growth to 0.32% amid steady institutional participation.
GCB Bank dominated trading value at GH¢9.57 million, though its share price held steady at GH¢9.47. MTN Ghana led volume with 5.03 million shares traded, rising 1.7% to GH¢3.03. Notable movers included Ecobank Ghana, which gained 0.5% to GH¢8.78, while Société Générale Ghana fell 2.9% to GH¢2.00 on 221,789 shares traded. Market capitalization stood at GH¢139.2 billion.
Banking stocks anchored the session’s activity, representing over 60% of total value. Standard Chartered Bank Ghana held firm at GH¢28.00 despite thin trade, while Agricultural Development Bank remained flat at GH¢5.06.
The GAX market saw no trades, with Samba Foods unchanged at GH¢0.55. Analysts noted sustained interest in financial institutions amid Ghana’s economic recovery efforts.