The Ghana Stock Exchange extended its strong momentum last week, with the benchmark GSE Composite Index gaining 3.58% to close at 8,410.56 points, bringing its year-to-date return to 72.05%.

This is its strongest level this year.

The GSE Financial Stock Index advanced 3.44% to 3,880.46 points supported by sustained investor interest in banking and telecommunications counters.

Market capitalisation rose to GH¢165.6 billion, reflecting improved sentiment and continued liquidity inflows into equities.

Trading activity moderated, however, with the total volume of shares traded declining 12.1% week-on-week to 6.72 million shares, valued at GH¢27.39 million.

MTN Ghana once again dominated market turnover accounting for 78.6% of total value traded GH¢21.52 million.

Among individual stocks, NewGold Issuer Limited (GLD) led the week’s gainers, rising 2.72% to GH¢476.72, while Access Bank Ghana was the sole decliner, edging down 0.01% to GH¢16.35.

Market Update: How the Ghana Stock Exchange fared on September 29

Other performers included Ecobank Ghana, GCB Bank, and TotalEnergies, extending their double-digit year-to-date rallies.

Ghana remained Africa’s best-performing equity market with a 72% year-to-date gain, outpacing Egypt’s EGX-30, Kenya’s NSE ASI, and Nigeria’s NGX ASI.

Botswana and the WAEMU BRVM index trailed significantly with single-digit growth.

SP/SA

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