GSE Composite Index rises as financial stocks lead gains

The Ghana Stock Exchange (GSE) maintained its bullish momentum as the GSE Composite Index (GSE-CI) rose by 24.46 points to 5,622.92, reflecting a 15.02% year-to-date (YTD) return.

The GSE Financial Stock Index (GSE-FSI) also gained 49.32 points, reaching 2,809.97 with an 18.03% YTD return.

Market capitalization increased by GH¢1.13 billion to GH¢127.40 billion. Financial stocks led gains, with GLD rising by GH¢0.91, followed by CAL, ETI, and SIC.

Trade volume surged by 98.63% to 2,059,378 shares, though trade value dropped by 88.53% to GH¢5.24 million.

MTN Ghana (MTNGH) dominated trading activity. The strong performance of financial stocks highlights growing investor confidence in the market.