The Ghana Stock Exchange (GSE) Composite Index surged to an unprecedented 7,323.35 points during Thursday’s trading session, marking its strongest performance this year.
This represents a substantial single-day gain of 161.15 points from Wednesday’s close of 7,162.20 points. Year-to-date growth now stands at 0.50%, reflecting sustained investor confidence despite broader economic headwinds across the region.
Trading activity centered on Fan Milk PLC (FML), which dominated volumes with 295,906 shares changing hands, translating to a significant value of GH¢1.30 million.
MTN Ghana (MTNGH) followed closely, recording 165,379 trades worth GH¢639,146.08, while Total Petroleum Ghana (TOTAL) saw GH¢160,065.09 worth of shares traded. Overall market turnover reached GH¢2.54 million from 662,180 shares, maintaining the week’s trend where Thursday consistently posted the highest daily value.
Notable price movements included CAL Bank (CAL) rising by GH¢0.01 to close at GH¢0.53, Ghana Oil Company Limited (GOIL) gaining GH¢0.01 to settle at GH¢2.18, and MTN Ghana advancing by GH¢0.15 to GH¢3.87.
The GSE Financial Stocks Index also edged upwards by 1.28 points to 3,410.06, signaling strength in the banking sector. Market capitalization expanded to GH¢149.91 billion, underscoring the session’s robust performance.
This milestone caps a positive week for the Accra bourse, building on steady gains since Monday. The index trajectory suggests renewed institutional interest, particularly in blue-chip consumer goods and telecommunications stocks.
Analysts observe that liquidity remains concentrated among a handful of large-cap entities, while several securities, including AngloGold Ashanti (AGA) and Standard Chartered Bank Ghana (SCB), held firm at their year-high prices without fluctuation.
