The Ghana Stock Exchange (GSE) ended last week’s trading (Monday, February 3 – Friday, February 7, 2025) on a strong note, delivering gains for investors and signaling a market that is finding its rhythm.
Despite some midweek fluctuations, key indices moved upward, market capitalization swelled, and a few standout stocks closed in the green.
The GSE Composite Index (GSE-CI) ended the week at 5,245.36 points, up 17.83 points from Monday’s opening of 5,227.53. That brings the index’s year-to-date growth to 7.30%, keeping the market on a steady upward trajectory. The GSE Financial Stocks Index (GSE-FSI) also saw gains, rising to 2,497.19 points, from 2,472.66 at the start of the week.
Market capitalization, the total value of all listed stocks, followed suit, climbing to GH₵ 118,049.65 million, an increase of nearly GH₵ 900 million in just five days.
Trading Activity: A Rollercoaster Ride
Last week’s trading volumes painted an interesting picture. The market saw its busiest day on Tuesday, with nearly a million shares (996,281) changing hands. Thursday also had solid activity with 408,920 shares traded, but by Friday, things had slowed down significantly to just 142,036 shares.
Whether investors were cashing in earlier in the week or simply waiting for new developments, the numbers suggest a shift in sentiment as the days progressed. Despite Friday’s lower overall volume, some stocks still managed to post gains.
Friday’s Standout Performers (February 7, 2025)
Even in a quieter trading session, three stocks stood out with price increases:
- ETI (Ecobank Transnational Incorporated) added 0.02 GH₵, with 20,000 shares trading at a total value of GH₵ 8,800.00.
- TOTAL (Total Petroleum Ghana) gained 0.04 GH₵, exchanging 2,900 shares for GH₵ 38,880.00.
- GLD (NewGold ETF) saw the biggest price jump of the day, climbing 3.74 GH₵, although only 40 shares were traded at a total value of GH₵ 17,541.60.
While ETI saw the highest trading volume among the gainers, GLD’s sharp price increase hinted at strong demand for gold-backed assets, possibly reflecting investor interest in safe-haven investments.
