The Ghana Stock Exchange (GSE) continued its downward trend on Wednesday, with the benchmark GSE Composite Index (GSE-CI) declining by 86.88 points, or 1.33%, to close at 6,433.71. This follows Tuesday’s drop of 178.45 points, bringing the two-day cumulative loss to approximately 4%.
Despite the continued decline in index performance, trading activity increased significantly. The volume of shares traded rose to 742,531, up from 192,578 the previous day. The total value of trades more than doubled, reaching GH¢6.81 million, compared to GH¢4 million on Tuesday.
The market capitalization also fell, closing at GH¢140.34 billion, down from GH¢141.40 billion, reflecting the broad decline in share prices.
| Date | GSE Composite Index (GSE-CI) | GSE Financial Stocks Index (GSE-FSI) |
|---|---|---|
| Previous (20/05/2025) | 6,520.59 | 3,175.40 |
| Current (21/05/2025) | 6,433.71 | 3,172.95 |
| Change | ▼ 86.88 points | ▼ 2.45 points |
| YTD Change (2025) | +31.61% | +33.27% |
Financial Stocks Edge Lower
The GSE Financial Stocks Index (GSE-FSI) saw a marginal drop, slipping by 2.45 points (0.08%) to 3,172.95. The decline was influenced in part by price movements in key financial equities.
Cal Bank PLC (CAL) declined by 3.12%, closing at GH¢0.62 from GH¢0.64. Scancom PLC (MTNGH) also recorded a decline, falling 2.38% to GH¢3.28. On the other hand, TotalEnergies Marketing Ghana PLC (TOTAL) gained marginally by 0.08%, closing at GH¢24.92.
NewGold (GLD), a gold-backed exchange-traded fund, rose by GH¢5.04 to GH¢388.04, marking the highest value trade of the day at GH¢4.56 million.
Most Actively Traded Stocks
Among the most actively traded stocks by volume were:
- Scancom PLC (MTNGH): 655,366 shares traded, value GH¢2.15 million
- Ecobank Transnational Inc. (ETI): 48,449 shares traded, value GH¢43,604
- Cal Bank PLC (CAL): 22,476 shares traded, value GH¢13,990
- NewGold (GLD): 11,741 shares traded, value GH¢4.56 million
Market Overview
Despite recent losses, the GSE Composite Index maintains a year-to-date gain of 31.61%. The current pullback may reflect cautious positioning by investors ahead of macroeconomic updates, including the upcoming Monetary Policy Committee (MPC) announcement by the Bank of Ghana.
