The Ghana Stock Exchange closed last week on a firm footing, with renewed investor appetite for financial and consumer stocks driving market capitalization beyond GH¢168 billion and keeping year-to-date gains above 70 percent.
Trading between October 13 and 17 reflected a quiet but confident market mood. Activity picked up sharply towards the end of the week, with Friday alone recording more than 2.2 million shares valued at GH¢8.29 million, the highest turnover of the five sessions. In total, about 6.7 million shares worth GH¢25.8 million changed hands over the week.
The main market index, the GSE Composite Index, added 6.18 points to close at 8,495.93, while the Financial Stocks Index surged by 43.29 points to finish at 4,063.62. These gains pushed the exchange’s year-to-date performance to an impressive 73.79 percent for the broader market and 70.68 percent for financial stocks, confirming the GSE’s status as one of Africa’s best-performing bourses in 2025.
Market capitalization also rose from GH¢166.65 billion at the start of the week to GH¢168.08 billion by close of trading on Friday, a GH¢1.44 billion increase, or roughly 0.86 percent.
Fan Milk and Benso Lead the Charge
Friday’s session saw strong price movements across a handful of actively traded stocks. Fan Milk PLC led the pack, climbing 7.14 percent to close at GH¢7.50 amid renewed investor optimism in the consumer goods sector. Benso Palm Plantation followed with a 2.47 percent gain to end at GH¢39.00, buoyed by steady global palm oil prices and confidence in the agribusiness segment.
The financial sector also showed renewed strength. Ecobank Transnational added five pesewas to close at GH¢1.00, while Societe Generale Ghana inched up one pesewa to GH¢2.32.
Telecoms giant Scancom PLC (MTN Ghana), however, slipped marginally by 0.03 pesewas to close at GH¢4.40, trimming a fraction off the day’s overall advance. The NewGold Exchange Traded Fund also edged slightly lower to GH¢448.56, mirroring a cautious mood in global gold markets.
Outlook
Looking ahead, traders expect the market to maintain its current stability as third-quarter results begin to flow in. With inflation easing and the cedi showing relative strength, sentiment is likely to remain upbeat, though gains may be modest.
The GSE’s year-to-date rally of more than 70 percent underlines how resilient the market has been in 2025, despite a cautious global investment climate.
