Trade values and volumes on GSE surge by 2,915% and 1,743% as investor confidence rises

The Ghana Stock Exchange (GSE) Composite Index rose by 54.18 points to close at 4,999.72, achieving a year-to-date (YTD) return of 2.27%. The GSE Financial Stock Index also increased by 1.20 points to 2,387.16, with a YTD return of 0.27%. Market capitalization grew by GH¢672.86 million to GH¢112.95 billion.

Trading volume surged by 1,743.31% to 1,777,340 shares, and the total trade value jumped by 2,915.02% to GH¢4,800,890.54. MTN Ghana (MTNGH) led in trade volume, with 1,645,647 shares traded at GH¢2.60 per share, totaling GH¢4,271,800.70.

GCB Bank (GCB) also saw gains, closing at GH¢6.41. Other equities like Ecobank Ghana (EGH) and Standard Chartered Bank (SCB) had limited or no trading activity, maintaining their share prices at GH¢6.50 and GH¢23, respectively. The day's performance indicates strong investor activity and a positive outlook for the GSE.