Ghana Stock Exchange opens first trading week of May on a bullish note
The Ghana Stock Exchange (GSE) opened the first trading week of May on a bullish footing, with the benchmark GSE Composite Index (GSE-CI) climbing 74.65 points to close at 6,288.99 points.
The gain extends the index’s Year-to-Date (YTD) return to an impressive 28.65%.
Market capitalisation surged by GH¢919.05 million, settling at GH¢138.69 billion, bolstered largely by price gains in telecom giant MTN Ghana (MTNGH).
The telco’s stock advanced by 7 pesewas to GH¢3.19, contributing significantly to the market’s positive trajectory.
In contrast, the Financial Stock Index (GSE-FSI) closed unchanged at 3,129.19 points, preserving a robust YTD return of 31.43%.
Despite the upbeat index performance, market activity cooled, with total volume traded falling by 5.61% to 1,262,596 shares.
However, trade value spiked 78.65% to GH¢14.78 million, reflecting high-value transactions in select equities.
MTNGH dominated trading volumes with over 1 million shares changing hands, valued at GH3.2 million.
Other actively traded counters included Fan Milk Limited (FML), Ecobank Transnational Incorporated (ETI), and Gold ETF (GLD).
Despite appearing in the top traded list, GLD slipped GH¢2.58 to GH¢438.50, registering as the session’s top decliner.
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