Market Value of Ghana Stock Exchange Reaches GHS 90bn for the First Time; Returns on Equities Hit 34%
The Ghana Stock Exchange (GSE) Composite Index experienced a significant increase of 109.96 points, closing at 4,195.72 points and reflecting a year-to-date (YTD) return of 34.04%.
The GSE Financial Stocks Index also rose, reaching 2,083.94 points with a YTD gain of 9.59%.
MTN Ghana (MTNGH) advanced by GH¢0.09, ending the session at GH¢2.10, while Enterprise Group Limited (EGL) recovered from a previous decline, closing higher at GH¢1.37.
This upward trend in equity prices propelled the market capitalization by GH¢1.20 billion to GH¢90.09 billion, marking the first time the local bourse has reached the GHS 90 billion mark.
The market capitalization of the GSE has witnessed a significant and persistent increase over the period, from GH¢6.4 million in 1990 to the current market value of GHS 90.09 billion.
Trade activity on the exchange was robust, with total turnover soaring to GH¢7,277,762.40, an increase of 6,875.84% over the prior day.
Trading volume surged to 5,518,463 shares across twelve counters, with outstanding offers including Société Générale Ghana (SOGEGH) at GH¢1.55, Guinness Ghana Breweries (GGBL) at GH¢5.17, and Fan Milk Limited (FML) at GH¢3.70. EGL dominated the volume chart, with 4,744,779 shares changing hands.
