The Market Capitalisation on the Ghana Stock Exchange (GSE) has reached GH¢90 billion for the first time since its establishment.

The GSE market capitalization measures the value of all shares on the market.

According to managers of the bourse, this milestone indicates the opportunities available for investors and the need for Small and Medium Enterprises to consider the capital market when making investment decisions.

The Composite Index also returned 34% growth to investors as of the end of Thursday, July 18, 2024.

The GSE Composite Index saw a notable ascent of 109.96 points, closing at 4,195.72 points and reflecting a year-to-date (YTD) return of 34.04%.

The GSE Financial Stocks Index also experienced an uptick, rising to 2,083.94 points with a YTD gain of 9.59%.

MTN Ghana (MTNGH) advanced by GH¢0.09, ending the session at GH¢2.10.

Enterprise Group Limited (EGL) recovered from a previous GH¢0.05 loss, closing higher at ¢1.37.

The growth in equity prices propelled the market capitalization by GH¢1.20 billion to GH¢90.09 billion making it the first time the bourse has reached such a mark.

From a market capitalisation of GH¢6.4 million in 1990, the market capitalization of the GSE has witnessed a significant increase over the period to reach the current market value.

Trading activity on the exchange was robust, with total turnover soaring to GH¢7,277,762.40, an increase of 6875.84% over the prior day.

Trading volume surged to 5,518,463 shares across twelve counters by the end of Thursday.

Outstanding offers included Société Générale Ghana (SOGEGH) at GH¢1.55, Guinness Ghana Breweries (GGBL) at GH¢5.17, and Fan Milk Limited (FML) at GH¢3.70.

EGL dominated the volume chart, with 4,744,779 shares changing hands.