Shares of Benso Oil Palm Plantation PLC recorded the strongest price gain on March 11, rising by GH¢7.00 to close at GH¢86.00 on the Ghana Stock Exchange.
The sharp increase from the previous closing price of GH¢79.00 placed the palm oil producer at the top of the market’s gainers for the day and pushed the stock closer to its year-high trading range.
The strong performance came amid moderate trading activity, with about 500 shares changing hands during the session for a total value of roughly GH¢43,000.
Banking stocks also recorded notable movements during the session. Shares of Standard Chartered Bank Ghana PLC climbed by GH¢6.91 to close at GH¢76.05, while Enterprise Group PLC advanced by GH¢0.98 to finish at GH¢10.90.
Energy and insurance stocks also posted gains. Ghana Oil Company PLC rose by GH¢0.66 to GH¢7.26, while SIC Insurance Company PLC added GH¢0.39 to close at GH¢6.37.
Other stocks that ended the session higher included Ecobank Transnational Inc. and Republic Bank (Ghana) PLC, which gained GH¢0.13 and GH¢0.32 respectively.
Despite the generally positive session, a few stocks closed lower. Shares of Ecobank Ghana PLC declined by GH¢0.86 to GH¢56.14, while Access Bank Ghana PLC edged down slightly by GH¢0.02 to GH¢46.62.
Meanwhile, Scancom PLC, the operator of MTN Ghana, recorded the highest trading volume of the session, with more than 3.2 million shares exchanged, although the stock price moved only marginally higher by GH¢0.01 to close at GH¢6.34.
Overall market activity pushed the total market capitalization of the Ghana Stock Exchange to GH¢282.9 billion, reflecting the impact of price gains recorded across several listed equities during the trading session.
The trading session reflected broad investor interest across several sectors, with agricultural, banking, and energy stocks contributing to overall market activity.
