The GSE Composite Index (GSE-CI) has witnessed a sharp single-day decline in recent weeks.

The decline posted by GSE-CI on Tuesday, May 28, 2025 showed a dip from 62.73 points to 6,152.98 points.

The market capitalisation followed suit, shrinking by over GH¢733 million to GH¢136.75 billion as a growing investor caution undermined April’s recovery optimism.

This decline reduces the index’s year-to-date gain to 25.87% - a solid gain subject to sustained threat from thinning market breadth and a fading risk appetite.

SIC Insurance Company Ltd stood out gaining 8 pesewas to close at GH¢0.92 bringing its impressive year-to-date return to 240.74%.

The broader sell-off, however, was partially cushioned by gains in NewGold ETF (GLD), which climbed from GH¢15.44 to GH¢354.27.

Despite the uptick, the ETF remains down nearly 10% year-to-date, a reflection of gold’s relatively lacklustre performance in cedi terms due to local currency appreciation and global rate dynamics.

Meanwhile, MTN Ghana, often viewed as a barometer for foreign investor sentiment, extended its recent decline, falling 6 pesewas to GH¢3.00.

Despite the pullback, MTNGH is still up by 20% for the year, underscoring its resilience in a market where heavyweight stocks are increasingly subject to profit-taking cycles.

SP/VPO

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