GSE Composite Index Surges to 6,435.51 Driven by MTN Ghana and NewGold ETF Gains
The Ghana Stock Exchange (GSE) commenced the week on a high note, with its benchmark GSE Composite Index (GSE-CI) recording a significant climb on Monday, July 15, 2025. The index gained a notable 10.61 points, settling at 6,435.51 points and pushing its impressive Year-to-Date (YTD) return to 31.22%. This upward trajectory signals a robust performance for Ghana’s equity market, building on strong investor confidence. While the broader market celebrated these gains, the GSE Financial Stock Index (GSE-FSI) held steady at 3,428.97 points, maintaining its substantial YTD return of 44.06%.
Key Drivers and Market Dynamics
The primary impetus behind the composite index’s ascent was the commendable performance of key market heavyweights: MTN Ghana (MTNGH) and the NewGold ETF (GLD). MTN Ghana, a dominant player in the African telecommunications sector, closed at GH¢3.02, while the NewGold ETF, a popular gold-backed exchange-traded fund, reached GH¢366.17. These price appreciations significantly contributed to the overall market surge. However, not all stocks enjoyed the upward trend, as Unilever Ghana (UNIL) saw its value decline, closing at GH¢20.49. Reflecting the positive momentum from MTNGH and GLD, the total market capitalization experienced a substantial increase of GH¢149.38 million, bringing the total to GH¢139.70 billion. Despite the notable index gains, market activity showed signs of slowing. Total volume traded decreased by 27.14% from the previous session, reaching 275,496 shares, which translated into a turnover of GH¢1,841,618.68. Leading the trading charts by volume, MTN Ghana alone accounted for 251,556 shares traded, underscoring its liquidity and investor interest.
The latest market close for the GSE Composite Index reaffirms a strong period for the Ghana Stock Exchange, with its YTD return solidly above 31%. While the overall market capitalization swelled due to the excellent performances of bellwethers like MTN Ghana and NewGold ETF, the observed slowdown in trading volume and turnover suggests a nuanced market environment. Investors will continue to monitor these trends, looking for sustained momentum and increased activity in the coming sessions.
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