GSE Composite Index Reaches Annual High of 4,648 Points with 48.49% YTD Return on Equity Investments

The Ghana Stock Exchange (GSE) Composite Index surged by 31.99 points, reaching a peak of 4,648.16 points—its highest level this year—boosting the Year-To-Date (YTD) return to 48.49% on equity investments (shares).

In contrast, the GSE Financial Stock Index held steady at 2,301.50 points with a 21.03% YTD return.

Total market capitalization of the bourse rose by GH¢361.59 million from the previous day, now standing at GH¢104.07 billion as of the close of trading activities on Thursday, November 14,

2024.

However, trading volumes for Thursday declined by 52.80%, with 31,870 shares exchanged, compared to 67,525 shares in the prior session.

Despite this volume drop, the total value of shares traded increased significantly, rising 86.10% to reach GH¢430,927.25 from GH¢231,561.59.

In price movements, MTNGH saw a gain of GH¢0.03, while GLD declined by GH¢12.24.

CAL Bank (CAL) led in trade activity with 10,656 shares traded at a value of GH¢3,516.48, followed by MTNGH, ETI, SOGEGH, and GCB in the top five traded equities, though their trade volumes were notably lower.

Source: Norvanreports.com