The Ghana Stock Exchange (GSE) experienced a dynamic trading session yesterday, with investors driving several financial and consumer stocks higher, while telecom heavyweight MTN saw a modest pullback.
Access Bank Ghana PLC led the gains in the financial sector, soaring to GH¢25.90, up GH¢2.23 from its previous VWAP of GH¢23.67, reaching its year high. Not far behind, GCB Bank PLC also hit a year high, closing at GH¢30.00, a GH¢2.50 jump, reflecting strong investor confidence in the banking sector.
Other financial stocks recorded steady gains. Cal Bank PLC edged up to GH¢0.94 (+GH¢0.02), Ecobank Transnational Inc. rose to GH¢0.90 (+GH¢0.05), Republic Bank Ghana PLC climbed to GH¢1.65 (+GH¢0.15), Standard Chartered Bank Ghana PLC ticked up to GH¢29.37 (+GH¢0.07), and Societe Generale Ghana PLC finished at GH¢6.22, up slightly by GH¢0.02.
Consumer and industrial stocks also enjoyed a positive session. Fan Milk PLC closed at GH¢12.96, up GH¢0.76, while Guinness Ghana Breweries PLC finished at GH¢10.11 (+GH¢0.19), and Unilever Ghana PLC edged up to GH¢25.38 (+GH¢0.50), reflecting growing investor appetite for stable, dividend-paying companies.
Meanwhile, Scancom PLC (MTN Ghana) bucked the general uptrend, slipping slightly to GH¢5.30, down GH¢0.10 from its previous VWAP of GH¢5.40, despite trading 31.8 million shares valued at GH¢168.7 million, highlighting the stock’s high liquidity and investor interest.
Smaller-cap stocks such as SIC Insurance Company PLC also posted modest gains, closing at GH¢2.25 (+GH¢0.20) on a volume of 5,000 shares, while the market’s broader sentiment remained bullish, driven by investor confidence in the financial and consumer sectors.
With financials hitting year highs and consumer stocks holding steady, the GSE continues to showcase resilience and investor enthusiasm heading into the end of the week.
