West African stock markets rise as Ghana and Nigeria post gains

The Ghana Stock Exchange ended the week higher, with the GSE Composite Index gaining 0.17% to 14,805.95 points and delivering a 68.82% year‑to‑date return. Market capitalisation rose to GHS 287.1 billion despite a 5% fall in trading volume and a 64% drop in turnover from the previous session. Top gainers included Intravenous Infusions Limited, Hords Limited and Cocoa Processing Company.

In Nigeria, the NGX All‑Share Index slipped 0.07% to close at 243,798.76 points, pulling its year‑to‑date gain to 56.67% and removing ₦102.65 billion from market capitalisation, which stood at ₦156.44 trillion. Trading activity weakened sharply, with volume down 73% and turnover down 83%. Consumer goods, oil & gas and insurance sectors posted modest gains, while banking fell 0.78%.

Both markets showed mixed sector performance but retained overall positive sentiment, with investors maintaining interest despite lower volumes and turnover.