Year-to-date price gains on listed equities rises to 13.02%

Trading on the Ghana Stock Exchange (GSE) saw the benchmark GSE-CI surge by a robust 181.86 points week-on-week, settling at a closing mark of 3,537.79 points.

This impressive rally has propelled the index’s year-to-date (YTD) gain to an encouraging 13.02%.

Contrastingly, the GSE-FSI, reflecting the financial sector’s pulse, experienced a modest setback. It closed at 1,994.83 points, marking a slight decline of 0.63 points from its week-opening level.

Nonetheless, the index maintains a respectable YTD return of 4.90%.

Bullish sentiments dominated certain equities, with GLD, MTNGH, and GCB registering notable gains. GLD led the charge, appreciating by GH¢15.30 to reach GH¢277.50.

Meanwhile, MTNGH and GCB posted gains of GH¢0.15 and GH¢0.01, closing at GH¢1.65 and GH¢3.43, respectively.

However, the week wasn’t without its laggards. CAL and FML faced headwinds, shedding GH¢0.01 and GH¢0.04, respectively.

The total market capitalization witnessed a significant uptick, swelling by GH¢741.62 million to culminate the week at GH¢76.36 billion, underscoring the market’s resilience and investor confidence.

On the trading front, a notable contraction was observed. Total volume traded plummeted to 6,770,969 shares, marking a stark decline from the previous week’s 195,661,017 shares.

This decline was mirrored in the turnover, which receded to GH¢36,730,048.36, down from GH¢249,689,732.56 in the preceding week.

Source:norvanreports