GSE closes financial stocks at 6,175.87 on May 29

The equity market extended its bullish run on Thursday, May 29, 2025, as the benchmark Ghana Stock Exchange Composite Index (GSE-CI) climbed 22.89 points to close at 6,175.87, buoyed largely by gains in financial stocks.

This marks a Year-to-Date (YTD) return of 26.33%, underscoring the market’s robust performance in 2025.

The GSE Financial Stock Index (GSE-FSI) also recorded strong gains, rising 32.14 points to close at 3,224.83, translating into a YTD return of 35.45%.

However, market turnover declined sharply to GH¢1.17 million, down from the previous session’s GH¢4.95 million, a 76.31% fall in trading value.

Volume traded also dropped to 267,335 shares, a 45.60% decline from the day before.

Investor sentiment was lifted by gains in SIC Insurance, Access Bank, and GCB Bank, which advanced by 8 pesewas, GH¢1.13, and 35 pesewas, respectively.

SIC closed at GH¢1.00, bringing its YTD gain to a staggering 270.37%, while Access Bank and GCB recorded YTD returns of 114.04% and 25.75%, respectively.

On the downside, GLD shed GH¢3.41 to close at GH¢350.86, bringing its YTD performance to -10.15%.

SIC Insurance led the market in both volume and value, trading 124,522 shares worth GH¢124,522.00.

MTN Ghana followed with 104,641 shares valued at GH¢313,803.20, while CAL Bank, GCB Bank, and GLD rounded out the top five most traded equities by value.

SP/MA

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