GSE breaks 8000 as financial, energy stocks rally
The Ghana Stock Exchange (GSE) closed Thursday’s trading on a strong note, with the GSE Composite Index (GSE-CI) climbing 217.6 points to 8,046.69, breaching the closely watched 8,000 threshold.
The surge was powered by solid gains in financial, energy and consumer stocks, underscoring investor confidence despite lighter trading volumes.
The GSE Financial Stocks Index (GSE-FSI) also advanced, adding 43.49 points to 3,738.36. Year-to-date, the GSE-CI has gained an impressive 64.6 per cent, while the financial index is up 57.02 per cent, reflecting sustained bullish sentiment across Ghana’s equities market.
Trading volume moderated compared with earlier sessions: 416,360 shares worth GHS1.51 million exchanged hands, down from Wednesday’s 745,940 shares valued at GHS9.31 million. Tuesday had recorded the week’s highest volume at nearly 5 million shares.
Despite the lower turnover, market capitalisation jumped to GHS160.74 billion, signalling that investors were willing to pay higher prices for the shares that did trade.
Key Price Movers
Ecobank Ghana PLC (EGH) led the charge, rising GHS1.00 to GHS11.00
TotalEnergies Marketing Ghana PLC (TOTAL) advanced GHS0.41 to GHS35.49
Fan Milk PLC (FML) added GHS0.18 to GHS5.28
Scancom PLC (MTNGH) gained GHS0.17 to GHS4.29
Enterprise Group PLC (EGL) climbed GHS0.10 to GHS3.20
Cal Bank PLC (CAL) and Clydestone (CLYD) posted modest increases, while Unilever Ghana PLC (UNIL) slipped slightly, down GHS0.01 to GHS19.99.
