The Ghana Stock Exchange (GSE) closed last week on a bullish note, marking a week of strong gains, heavy trading, and rising investor confidence. From Monday through Friday, the market demonstrated resilience and momentum, with indices climbing steadily, volumes fluctuating, and market capitalization registering significant growth.
According to data from GSE, the week opened on Monday, February 16, with the GSE Composite Index (GSE-CI) at 10,530.31 points and a market capitalization of GH¢199.31 billion. Trading was active, with 8.57 million shares valued at GH¢43.87 million exchanging hands, setting a positive tone for the week. Early gains were largely driven by financial and commodity stocks, as investors reacted to positive market sentiment and news in the domestic economy.
Tuesday, February 17, saw a slowdown in activity, with only 2.27 million shares traded at GH¢26.92 million, as investors became more selective after Monday’s rally. Despite the lower volume, the market continued its upward trajectory, with the GSE-CI rising to 11,135.13 points, and market capitalization increasing to GH¢207.46 billion, reflecting steady buying interest.

Trading picked up slightly on Wednesday, February 18, as 5.34 million shares valued at GH¢24.17 million changed hands. The GSE-CI moved to 11,341.56 points, and market capitalization edged higher to GH¢210.31 billion. Investors continued to favor financial and industrial stocks, contributing to steady gains and maintaining the market’s positive momentum.
Thursday, February 19, marked the most active day of the week, with 39.75 million shares traded at GH¢218.51 million, by far the largest volume and value of the week. The GSE-CI inched up to 11,384.70 points, while market capitalization grew to GH¢211.69 billion. The surge was fueled by institutional activity and large block trades, which helped push indices higher and set the stage for a strong finish to the week.
The week closed on Friday, February 20, with 3.51 million shares valued at GH¢24.79 million exchanging hands. The GSE-CI jumped to 11,805.68 points, and total market capitalization reached GH¢217.20 billion, marking a week of nearly 12% gain in the index and an approximate 9% increase in capitalization. The GSE Financial Stocks Index (GSE-FSI) also rose, ending the week at 6,561.08 points, up 234.44 points, showing strong support from financial sector equities.

Weekly Overview
Overall, the week displayed a steady climb from lows to highs, with significant midweek activity driving momentum and a strong finish on Friday. Market capitalization expanded steadily from GH¢199.31 billion to GH¢217.20 billion, reflecting renewed investor confidence and robust market participation. The week’s trading highlighted the strength of financial stocks, steady demand in industrial and consumer sectors, and the impact of institutional investors in lifting overall market performance.
Year-to-Date Performance
Last week’s gains added to a strong start for 2026. From the beginning of the year through February 20, the GSE-CI has increased by 34.61%, while the GSE-FSI is up 41.18%, signaling a sustained positive trend and high investor confidence in Ghanaian equities.

Outlook
The GSE enters the new week on a strong footing, with indices at elevated levels and market capitalization significantly higher than the start of the week. While lighter trading days indicate some profit-taking, the overall impression is one of a bullish market poised for continued growth if momentum persists.
