The Ghana Stock Exchange (GSE) Composite Index (GSE-CI) experienced a minor setback in its latest trading session.
At the end of the trading session, the index shed 11.44 points, or 0.31%, to close at 3,732.91 points. Despite this slight dip, the index showcased a robust performance over various timeframes.
Over the past week, the GSE-CI posted a gain of 2.31%, reflecting continued investor confidence and market resilience. Extending the timeline further, the index recorded an impressive 6.52% gain over the past four weeks. Year-to-date, the GSE-CI stands strong with a remarkable 19.25% increase, underscoring a year marked by significant growth and recovery in the market.
In contrast, the GSE Financial Stocks Index (GSE-FSI) demonstrated modest growth, inching up by 0.07% to reach 2,038.44 points in the most recent session. However, this sector-specific index showed a different trend compared to the broader market.
Over the last week, the GSE-FSI faced a slight decline of 0.11%, and over the past four weeks, it experienced a further loss of 0.3%. Despite these short-term declines, the financial stocks index has managed to achieve a year-to-date gain of 7.2%, indicating a positive long-term outlook for financial sector investments.
Mixed Outcomes Across Equities
In the latest trading session on the Ghana Stock Exchange (GSE), twelve listed equities participated, culminating in a mixed performance with two gainers and one loser.
The gainers were the NewGold ETF, which rose by 2.77%, and GCB Bank, which edged up by 0.71%. Conversely, MTN Ghana was the sole loser, slipping by 0.56%.
NewGold ETF closed the day at GHS 341.20 per share, a significant increase of GHS 9.20 from its previous closing price of GHS 332.00. This robust performance contributes to its year-to-date gain of 56.2%, making it the top performer on the GSE for the year. The ETF had started the year at GHS 218.50.
GCB Bank also saw gains, ending the session at GHS 4.25 per share, up by 3 pesewas from GHS 4.22. Starting the year at GHS 3.40, GCB Bank has achieved a 25% increase in its share price, placing it sixth in year-to-date performance rankings on the GSE.
MTN Ghana, however, closed at GHS 1.79 per share, down by 1 pesewa from its previous closing price of GHS 1.80. Despite this daily drop, MTN Ghana has had a strong year overall, starting at GHS 1.40 and marking a 27.9% year-to-date gain, ranking it fifth on the GSE.
The trading session concluded with a total of 67,294 shares traded, amounting to a market value of GHS 1,233,205.32. This represented a sharp decline in both volume and turnover from the previous trading day, with volume decreasing by 100% and turnover by 98%.
MTN Ghana led in trading volume with 57,808 shares, followed by CAL Bank with 3,847 shares, NewGold ETF with 3,279 shares, and GCB Bank with 2,160 shares. This session’s activity reflects the varied performance and investor interest across different sectors and individual equities on the GSE.
The current market capitalization of the Ghana Stock Exchange stands at GHS 83.8 billion, underscoring the significant scale and impact of the exchange within the country’s financial markets.
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