GSE ends last week with increased market capitalisation of GHS 68.2bn

The Ghana Stock Exchange (GSE) exhibited commendable strength and resilience during the week, as indicated by significant gains in its key performance metrics. The GSE-Composite Index surged by 3.40%, while the GSE Financial Stocks Index recorded a modest advance of 0.20%.

These positive movements contributed to the year-to-date performances, with the GSE-Composite Index reporting 11.97% growth, while the GSE Financial Stocks Index displayed a decline of -17.45%.

Bolstering investor confidence, the GSE witnessed a substantial rise in market capitalization, which soared by GH¢940.36 million from the previous week to close at GH¢68.27 billion.

This impressive increase reflects growing investor enthusiasm and underscores the market’s robustness.

Throughout the week, a total of twenty-six equities were actively traded on the exchange. Notably, GLD, GGBL, MTNGH, CAL, and FML emerged as top gainers, with their share prices experiencing noteworthy increases of GH¢0.20, GH¢0.19, GH¢0.07, GH¢0.04, and GH¢0.01, respectively.

Closing at GH¢221.20, GH¢2.12, GH¢1.26, GH¢0.60, and GH¢1.32, these equities showcased strong market performance. On the other hand, ACCESS witnessed a decline, shedding GH¢0.03 to close at GH¢3.97.

Trading activity demonstrated a robust upward trend during the week, with a total of 1,900,358.00 shares exchanging hands, valued at GH¢8,320,821.93. These figures represent a remarkable increase of 49.37% in volume traded and an impressive surge of 96.70% in value traded compared to the previous week.

Notably, Guinness Ghana Breweries PLC (GGBL) accounted for the highest trading volume, with shares valued at GH¢3,075,590.00, comprising 36.95% of the total traded value for the week.

The Ghanaian equities market continues to inspire optimism, with the Ghana Stock Exchange displaying resilience and attracting market participants’ attention. The notable market advances, coupled with robust trading volumes and values, signify growing investor interest and confidence.

As investors closely monitor the evolving dynamics of the GSE, the market’s positive outlook suggests continued opportunities for market participants to capitalize on the thriving Ghanaian equities landscape.

Source: Norvanreports