MTN Ghana pushes GSE market activity on May 7

The GSE’s benchmark equity gauge extended its upward momentum connected Wednesday, May 7, 2025, driven by gains successful MTN Ghana, which lifted the GSE Composite Index by 85.32 points to adjacent astatine 6,396.77, its highest level successful implicit a year.

The day’s determination pushed the index’s Year-to-Date instrumentality to an awesome 30.85%.

MTN Ghana (MTNGH) continued its bullish run, adding 8 pesewas to settee astatine GH¢3.29 per share, bringing its 2025 Year-to-Date summation to 31.6%.

The telecoms elephantine dominated trading, accounting for 527,560 shares valued astatine implicit GH¢1.73 million.

The market’s bullish code was reflected successful the surge successful full turnover, which climbed 85.5% from the erstwhile league to GH¢3.76 million.

Trading volumes likewise spiked, rising 181% to 902,741 shares underpinned by robust request successful banking and telecom stocks.

The GSE Financial Stocks Index, however, remained level astatine 3,130.76 points, holding dependable with a Year-to-Date instrumentality of 31.50%.

Conversely, the sole decliner for the time was the Ghana-listed golden ETF (GLD) which shed GH¢1.45 to commercialized astatine GH¢440.05, reducing its 2025 summation to 12.69%.

CAL Bank (CAL), Ecobank Transnational (ETI), GLD, and GOIL followed MTN successful the day’s top-five traded equities by volume.

Notably, contempt GLD’s terms drop, it recorded the second-highest commercialized worth of the league astatine GH¢1.75 million.

Market capitalisation roseate by GH¢1.05 cardinal to GH¢140.03 billion, reflecting increasing capitalist confidence.

SP/AE

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