GSE Composite Index Surges 2.61% as Equities Rally;
Fixed Income Volumes Contract Sharply
The Ghana Stock Exchange recorded broad-based gains on Thursday, with its benchmark indices extending a multi-session recovery. Fixed income activity, however, declined significantly from prior-day levels.
The equities market closed higher as the GSE Composite Index (GSE-CI) gained 357.20 points to settle at 14,024.22 — a daily advance of 2.61 percent from the previous session’s close of 13,667.02. On a year-to-date basis, the index has now gained 59.91 percent, reflecting sustained investor appetite for Ghanaian equities amid an improving macroeconomic backdrop.
The GSE Financial Stock Index (GSE-FSI), which tracks the performance of listed financial sector firms, also moved higher, adding 241.84 points to close at 8,314.05, a gain of 2.99 percent. The FSI’s year-to-date return now stands at 78.91 percent, outpacing the broader composite index and signalling continued confidence in financial sector stocks following recent monetary policy easing by the Bank of Ghana.
Trading activity surged markedly, with total volume traded reaching 3,215,320 shares ,a jump of 123.07 percent compared to Wednesday’s 1,441,383. Value traded correspondingly spiked to GH₵15.83 million from GH₵7.11 million, representing a 122.61 percent day-on-day increase. The uptick in volumes suggests a broad re-engagement from market participants, likely encouraged by positive index momentum.
Activity in the fixed income secondary market contracted sharply on Thursday. Total volume across all instruments fell 24.86 percent from GH₵800.63 million on Wednesday to GH₵601.58 million, as trading in most government securities declined.
Treasury Bills accounted for GH₵449.84 million of total fixed income turnover representing a 30.39 percent decline from Wednesday’s GH₵646.20 million. The Domestic Debt Exchange Programme (DDEP) Bonds also bucked the downward trend, with volumes rising 50.17 percent to GH₵144.33 million from GH₵96.12 million in the prior session.
New Government of Ghana (GOG) Notes and Bonds saw the steepest contraction, plunging 97.32 percent from GH₵46.46 million to just GH₵1.25 million. Corporate bond activity also fell sharply by 57.93 percent to GH₵4.80 million. Legacy GOG Notes and Bonds, however, recorded a 211.79 percent surge to GH₵1.36 million from GH₵437,343 the prior day.
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