The Ghana Stock Exchange (GSE) closed last week on a mixed note, with a handful of equities nudging the market upward even as others weighed on performance. Trading was fairly active, with more than 18.7 million shares changing hands across the five sessions, valued at over GH¢71.6 million.
The GSE Composite Index (GSE-CI), the broad measure of market performance, ended Friday, August 15, at 7,412.59 points, up by 11.09 points from the previous day’s close. The GSE Financial Stocks Index (GSE-FSI) also edged higher, climbing to 3,416.11. On a year-to-date basis, the exchange remains one of Africa’s standout performers, with the Composite Index up 51.63% and the Financial Stocks Index ahead by 43.49%.
Much of last week’s momentum came from three companies: Enterprise Group PLC (EGL), MTN Ghana, and SIC Insurance Company PLC. Enterprise Group added two pesewas to close at GH¢2.87, while MTN Ghana, the market’s most traded equity, rose by one pesewa to settle at GH¢3.95 after more than 213,000 shares changed hands, valued at GH¢843,941.20. SIC Insurance also picked up a pesewa, ending the week at GH¢1.05 after modest trading activity.
Not all stocks shared in the cheer, however. NewGold (GLD), which often tracks global gold prices, slipped by 96 pesewas to close at GH¢387.04 after a small volume of trades. The dip reflected recent softness in global bullion prices, reminding investors of the volatility in commodity-linked securities.
Trading activity varied sharply from day to day. Monday opened strongly with 7.8 million shares valued at GH¢30 million, and Tuesday posted the heaviest volumes of the week with 8.7 million shares worth GH¢34.6 million. By midweek, volumes thinned to just over half a million shares, though the Composite Index managed to climb to 7,443.29. Thursday’s trading cooled further, with the index slipping to 7,401.50, before Friday’s modest rebound.
Overall, the market’s steady climb in 2025 has been underpinned by investor confidence in the banking, telecoms, and insurance sectors.
With the Composite Index already up more than 50% this year, analysts say the GSE has quietly positioned itself as one of the continent’s best-performing markets, even amid concerns about inflation and regional economic headwinds.
