Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
The Ghana Equities market extended its bullish trajectory on Thursday, lifted by broad-based gains in financial and energy stocks.
The benchmark GSE Composite Index rose 20.77 points to close at 6,417 points, translating into a year-to-date gain of 31.28%.
Trading activity was markedly elevated, with volumes surging 112.6% to 1.92 million shares, while total turnover nearly doubled to GH¢6.98 million.
The rally added GH¢237.9 million to the market’s total capitalisation, which climbed to GH¢140.27 billion.
Investor sentiment was buoyed by sustained interest in telecom and financial stocks.
MTN Ghana (MTNGH) led trading activity, accounting for GH¢5.69 million of the total value traded on the day, supported by a 0.01 gain in its share price to GH¢3.30, extending its year-to-date return to 32%.
Source: newsthemegh.com