The Ghana Stock Exchange (GSE) closed the first week of April on a high note, with the Composite Index continuing its upward climb, even as trading volumes saw a notable drop heading into Friday.
From Wednesday to Friday (April 2–4, 2025), the GSE Composite Index rose from 6,041.63 to 6,097.08 points, signaling growing investor confidence. Market capitalization followed a similar trend, increasing steadily from GH₵134.83 billion on Wednesday to GH₵135.5 billion by close of trading on Friday. However, the Financial Stock Index, after ticking up midweek, dipped slightly on Friday, settling at 3,062.13 points.
Trading volume told a different story. After peaking at over 1.17 million shares on Thursday, the busiest day of the week, market activity slowed considerably on Friday, with volume dropping to just 369,955 shares.
GLD, GCB, and MTN Ghana Dominate Trades
In terms of value, GLD (NewGold ETF) and GCB (GCB Bank PLC) stood out as major players during the week. GLD alone accounted for more than GH₵28 million in trades across two days. On Wednesday, it posted a significant gain of GH₵5.99 per share before plunging by GH₵6.32 on Thursday, a clear sign of high volatility in the commodity-backed stock.
GCB also had a strong showing, trading over 653,000 shares on Thursday and generating a total value of GH₵4.6 million. The stock gained GH₵0.05, contributing to the overall market lift that day.
MTNGH (MTN Ghana) remained one of the most actively traded equities across all three days. Despite mixed performance, with gains on Wednesday and Thursday followed by a slight drop on Friday, the telecom giant consistently drew investor interest. Cumulatively, MTNGH traded more than 188,000 shares over the period.
Other Movers
ACCESS (Access Bank Ghana PLC) and GGBL (Guinness Ghana Breweries PLC) also recorded moderate gains during the week. ACCESS increased slightly on all days it was traded, while GGBL rose by GH₵0.18 on Wednesday, adding to its recent positive momentum.
On the flip side, CAL (CAL Bank PLC) saw a slight decline in price on two separate days, and SIC (SIC Insurance Company Limited) posted minimal gains, trading at relatively low volumes. CLYD (Clydestone Ghana Ltd) and GOIL (Ghana Oil Company Limited) remained relatively stable with low activity.
A Market in Motion
The market’s upward trajectory in both the Composite Index and market cap reflects cautious optimism among investors, despite Friday’s pullback in trading volume. With heavyweight stocks like GLD and GCB making significant moves and consistent activity in telecom and banking shares, the GSE continues to show signs of depth and resilience.
