The Ghana Stock Exchange (GSE) closed October with a smile, as strong gains in key financial stocks lifted the market to one of its best finishes this year so far.
By the end of trading on Friday, October 31, the GSE Composite Index (GSE-CI) had climbed 43.48 points to settle at 8,385.35, while the GSE Financial Stocks Index (GSE-FSI) jumped 61 points to 4,193.90. The market’s total value also rose to GH¢166.54 billion, showing growing investor confidence and renewed momentum heading into November.
Trading was brisk but measured, with about 1.12 million shares exchanged at a value of GH¢1.99 million. Investors were clearly repositioning, wrapping up the month with a mix of profit-taking and fresh bets on strong-performing stocks.
The stars of the day were, once again, the banks. Ecobank Ghana PLC (EGH) stole the spotlight with a GH¢1.40 jump to close at GH¢15.44, nearly a 10% rise. Société Générale Ghana PLC (SOGEGH) followed closely, climbing GH¢0.31 to end at GH¢3.41, also up 10%. Their solid performance helped power the market’s overall rally.
Clydestone (Ghana) PLC (CLYD) also made quiet gains, inching up by GH¢0.02 to GH¢0.28, while a few others eased slightly. Cal Bank PLC (CAL) slipped by GH¢0.05 to GH¢0.49, a 9.26% dip, and Ecobank Transnational Inc. (ETI) shed GH¢0.01 to GH¢0.99. Unilever Ghana PLC (UNIL) also nudged down GH¢0.01 to close at GH¢19.79.
Even with the minor pullbacks, the tone of the market remained upbeat. So far this year, the GSE Composite Index has gained 71.53%, while the Financial Stocks Index has advanced an impressive 76.16%, confirming that 2025 has been a standout year for investors.
As October fades into November, the story of Ghana’s stock market remains one of steady growth, strong banking performance, and rising confidence.
