Ghana Stock Exchange extends rally as investor optimism holds

The Ghana Stock Exchange (GSE) started the week strongly, with the GSE Composite Index (GSE-CI) posting a 24.97% year-to-date (YTD) return, reflecting investor confidence in local equities.

The GSE-CI opened at 6,109 points, while the GSE Financial Stock Index (GSE-FSI) stood at 2,980 points, up 25.18% YTD. Last week's trading saw 3.39 million shares exchanged, totaling GHS 9.07 million, with market capitalization reaching GHS 135 billion.

Gainers included Access Bank, CalBank, Ecobank Transnational, GCB Bank, Standard Chartered, and TotalEnergies, while MTN Ghana was the only loser, closing at GHS 3.16.

Analysts anticipate continued market strength, driven by improving macroeconomic conditions and sustained trading activity.