GSE: Indices Dip Despite Surge in Market Activity

The Ghana Stock Exchange (GSE) closed Wednesday’s trading session with a slight dip in its major indices, even as trading activity spiked significantly.

According to official data from the GSE for Session 7002, the GSE Composite Index (GSE-CI) dropped by 5.86 points to close at 6,411.72, down from 6,417.58 the previous day. 

The GSE Financial Stocks Index (GSE-FSI) also fell by 6.74 points, ending the session at 3,440.39. Despite the decline, both indices remain well in positive territory for the year, with the GSE-CI up 31.16% and the GSE-FSI showing an impressive 44.51% year-to-date gain.

Market capitalization saw a marginal dip, falling from GH₵139.41 billion on Tuesday to GH₵139.34 billion on Wednesday. This reflected the moderate losses in stock values even as trading interest surged.

So far this week, trading on the Ghana Stock Exchange has seen noticeable shifts in both value and index performance. On Monday, July 7, the market recorded a total turnover of approximately GH₵1.59 million, with the GSE Composite Index settling at 6,416.45. 

Activity picked up slightly on Tuesday, July 8, as the traded value rose to about GH₵2.78 million, and the index nudged upward to 6,417.58. By Wednesday, July 9, market activity surged significantly, with trading value reaching GH₵5.36 million, even though the Composite Index dipped slightly to 6,411.72, reflecting mild investor pullback amid higher volumes.

Despite the midweek softness in index levels, investor sentiment appears buoyant, with trading volumes and value indicating continued market participation. 

Read More