Economy

Ghana Stock Exchange Sees Significant Growth with 40.73% YTD Return

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The benchmark index of the Ghana Stock Exchange (GSE Composite Index) surged to 4,405.20 points, achieving a year-to-date (YTD) return of 40.73 per cent.

The GSE Financial Stocks Index also saw a slight increase, rising by 0.29 points to reach 2,090.80 points, resulting in a YTD gain of 9.95 per cent.

Among the notable performers, MTN Ghana (MTNGH) and Enterprise Group Limited (EGL) each gained GH¢0.02, closing at GH¢2.27 and GH¢1.41, respectively. Gold (GLD) also rose, closing at GH¢367.90 following a GH¢0.75 increase. Consequently, the market’s total value expanded by GH¢270.32 million, reaching GH¢92.40 billion.

Trade activity on the exchange was robust, with total turnover for the day amounting to GH¢692,806.87, marking a 116.58 per cent increase compared to the previous day. A total of 18 different stocks were traded, with the volume of shares traded rising to 145,163.

Societe Generale Ghana (SOGEGH), Total Petroleum Ghana (TOTAL), and Fan Milk Limited (FML) closed with outstanding offers at GH¢1.55, GH¢12.33, and GH¢3.70, respectively. Leading the volume chart, Enterprise Group Limited (EGL) traded a total volume of 43,996 shares.

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