The Ghana Stock Exchange reported an increase in its total market capitalisation to 271.26 billion cedis, marking a 1.79 percent rise from the previous week's 266.50 billion cedis. This growth was driven by gains in the exchange's key market indices, which moved higher despite a notable slowdown in overall trading activity, according to AllAfrica.
The GSE Composite Index closed at 14,394.77 points, a 2.43 percent increase for the week. The GSE Financial Stocks Index also advanced, rising 1.11 percent to 7,498.54 points. These weekly gains contributed to a year-to-date performance of 64.13 percent for the Composite Index and 61.36 percent for the Financial Stocks Index, reflecting the continued strength of listed equities since the start of the year.
Despite the upward movement in index values, market turnover contracted sharply. AllAfrica reported that 16.85 million shares were traded during the week, a 32.09 percent decrease from 24.81 million shares in the preceding period. The total value of shares traded fell by 52.63 percent, dropping from 141.88 million cedis to 67.21 million cedis. The market recorded an average price change of 1.71 percent for the week, supported by gains in several individual listed stocks.
CPC emerged as the top performer, with its share price increasing by 16.67 percent to 0.35 cedis. Ecobank Ghana followed with a 12.99 percent gain, closing at 8.70 cedis, while IIL advanced 10.91 percent to 0.61 cedis. MTN Ghana, one of the most actively traded stocks, rose 4.34 percent to 6.73 cedis. Conversely, DIGICUT recorded the steepest decline, shedding 19.64 percent to close at 0.45 cedis, while Benso Oil Palm Plantation fell by 6.67 percent.
The information and communications technology sector dominated trading activity, accounting for 68 percent of the total value of shares traded, which amounted to 45.70 million cedis. This sector also represented 41.58 percent of the total trading volume. MTN Ghana led individual stocks by value traded, with approximately 45.54 million cedis, and topped the market in volume with about 6.97 million shares traded.