Ghana’s equities market extended its bullish run last week backed by a strong rally in MTN Ghana shares.
The surge pushed the Ghana Stock Exchange Composite Index (GSE-CI) up by 4.51% to 6,707.64 points marking its strongest weekly performance so far this year.
The GSE Financial Stock Index (GSE-FSI) also edged higher gaining 0.94% to close at 3,168.48 points.
Market capitalisation rose to a record GH¢143.71 billion up from GH¢140.25 billion the previous week reflecting heightened investor confidence.
Trading activity also rose with weekly turnover soaring 347.04% in volume and 128.18% in value as GH¢102.57 million worth of shares were traded across the bourse.
MTN Ghana (MTNGH) emerged as the week’s top performer, advancing 7.27% to close at GH¢3.54. This lifted its year-to-date (YTD) return to 41.60%, making it the standout stock of the year so far.
The telecom giant also led in trading activity, contributing over 20.99 million shares valued at GH¢70.04 million.
Other notable gainers included Unilever Ghana (UNIL): Up GH¢0.96 to GH¢25.50 (+5.13% YTD), Ecobank Ghana (EGH): Gained GH¢0.30 to close at GH¢7.50 (+15.38% YTD), Fan Milk (FML): Rose by GH¢0.10, pushing its YTD return to 10.81%, GCB Bank (GCB): Up 20.25% YTD, Guinness Ghana Breweries (GGBL): Advanced 9.09% YTD.
The upbeat performance underscores growing investor appetite for equities amid improving market sentiment.
