GSE Composite Index Rises 26.3% YTD, Buoyed by Steady Equity Gains

The Ghana Stock Exchange (GSE) closed another positive week on a strong note, with its benchmark Composite Index recording a year-to-date gain of 26.30% as of Friday, June 13, 2025. The index ended the session at 6,174.03 points, reflecting continued investor confidence across multiple sectors, especially financial services and telecommunications.

The GSE Financial Stocks Index (GSE-FSI) outperformed the broader market with a 38.09% increase since the start of the year. 

A Quiet Start, Then a Powerful Close

Market activity was relatively muted in the early part of the week. Volumes and values remained modest from Monday through Thursday, with daily trades rarely crossing the GH¢2 million mark. But by Friday, market momentum picked up sharply.

A total of 2.77 million shares exchanged hands on the final trading day, with a transaction value of GH¢17.69 million. This sudden surge contributed to a 102.01-point rise in the GSE-CI and an 8.5-point gain in the financial index.

In parallel, market capitalization grew steadily through the week, rising from GH¢134.10 billion on Monday to GH¢136.30 billion by Friday.

Gradual Price Movements Strengthen Overall Market Performance

Supporting this week’s index gains were a series of quiet but meaningful price increases across several high-volume stocks.

MTN Ghana (MTNGH) recorded one of the week’s most notable performances. Starting the week at GH¢2.81, the telecom giant closed at GH¢2.94 on Friday, reflecting a GH¢0.13 gain. Its Friday trade alone accounted for over 1.4 million shares and GH¢4.13 million in value, making it the most active equity by value.

ETI (Ecobank Transnational Incorporated) followed a similar upward path, ticking up slightly from GH¢0.84 to GH¢0.85 to close the week, backed by consistent trading activity and investor interest.

The banking counters also contributed to the quiet rally. GCB Bank advanced by GH¢0.05 to close at GH¢8.90, while Ecobank Ghana (EGH) posted a sharper gain of GH¢0.74, ending at GH¢8.35 after midweek trading lifted the stock.

Among exchange-traded funds, GLD (NewGold ETF) stood out for its recovery. After dropping earlier in the week, it rebounded from GH¢355.00 on Tuesday to GH¢388.43 by Friday, registering a strong GH¢33.43 gain. This movement mirrored broader trends in global gold prices and reflected investor interest in safe-haven assets.

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