The Ghana Stock Exchange (GSE) extended its bullish momentum into the end of March 2025, with both the GSE Composite and Financial Stock indices posting robust gains of 27.19% and 28.50% respectively, signaling growing investor optimism in the equities market.
According to data released by the Exchange, market activity surged markedly compared to the same period in 2024. The number of transactions soared by a staggering 572.87%, reflecting renewed interest in equity trading despite a year-on-year drop in trade volumes.
Top gainers for the month included Clydestone (Ghana) PLC, which saw a 100% price appreciation, followed by TOTALENERGIES MARKETING GHANA PLC (60.75%), Access Bank Ghana PLC (32.99%), and SIC Insurance Company PLC (32.43%). Other notable performers included CalBank PLC, Enterprise Group PLC, and MTN Ghana, all of which posted strong double-digit returns. Notably, there were no price losers recorded during the month—a signal of broad-based market strength.
Despite the upbeat price movements, equity market volume and value traded stood at 21.95 million and GH¢201.91 million, respectively—representing an 89.48% drop in volume and a 35.59% decline in value year-on-year. Analysts attribute this divergence to investor preference for high-value blue-chip stocks and a possible shift in portfolio strategy.
The Ghana Fixed Income Market (GFIM) also experienced robust activity, with total volumes traded reaching GH¢20.23 billion—up 60.45% compared to March 2024. Treasury Bills remained dominant, accounting for 65.99% of total trades, followed by Government Bonds at 28.76%. Bank of Ghana Bills and Corporate Bonds contributed 5.14% and 0.10% respectively.
Year-to-date figures show cumulative equity volumes at 61.34 million shares valued at GH¢473.16 million. While this reflects a 75.87% drop in volumes compared to the same period last year, the value traded increased by 29.28%, further underscoring a growing appetite for quality stocks.
