Business & Economy

GLD Leads the Week with the Highest Gain, as GSE Market Capitalization Peaks at GH¢119.88 Billion

GLD Leads the Week with the Highest Gain

The Ghana Stock Exchange (GSE) closed the week ending February 14, 2025 on a bullish note, with market capitalization climbing from GH¢118.34 billion on Monday to GH¢119.88 billion by Friday, reflecting an increase of GH¢1.54 billion. The GSE Composite Index (GSE-CI) also saw steady growth, rising from 5,267.19 on Monday to 5,351.34 by week’s end, signaling positive investor sentiment.

Top Gainers of the Week

The week belonged to GLD, which emerged as the biggest gainer, racking up a total price increase of GH¢11.16 across multiple trading sessions.

  • Monday (10/02/2025) → GLD gained GH¢5.16, closing at GH¢433.00
  • Wednesday (13/02/2025) → GLD added another GH¢6.00, reaching GH¢432.40

This strong performance in the precious metals sector drove high investor interest, making GLD the most profitable stock of the week.

Other stocks that recorded gains include:

Samboad

GLD Lead the Week with the Highest Gain, as GSE Market Capitalization Peaked at GH¢119.88 Billion
  • SCBGH¢2.01 on Monday (closing at GH¢25.01)
  • ETIGH¢0.03 on Wednesday (closing at GH¢0.47)
  • SICGH¢0.02 on Wednesday (closing at GH¢0.29)
  • MTNGHGH¢0.01 on Tuesday (closing at GH¢2.76)
  • GCBGH¢0.01 on Friday (closing at GH¢6.44)

Trading Volume and Market Activity

Investor participation remained strong throughout the week, with Friday recording the highest trading volume of 600,391 shares, a significant increase from Monday’s 449,226 shares. This suggests heightened investor confidence as more funds flowed into the market.

GLD Lead the Week with the Highest Gain, as GSE Market Capitalization Peaked at GH¢119.88 Billion

Total trading volumes across the week:

  • Monday449,226 shares
  • Tuesday166,172 shares
  • Wednesday139,005 shares
  • Thursday130,990 shares
  • Friday600,391 shares

Financial Sector & Index Performance

The Financial Stock Index saw minimal movement, maintaining a steady 2,527.84 level from Monday through Wednesday before ticking up slightly to 2,553.80 on Thursday and 2,567.22 on Friday.

This stability suggests that while financial stocks are actively traded, their price movements remain relatively conservative compared to sectors like commodities and telecoms, where volatility led to higher price swings.

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