The Ghana Stock Exchange (GSE) ended the week on a strong note, with bullish activity across key indices and notable price movements among several listed equities. The market recorded a significant increase in capitalization, gaining GH₵2.14 billion to close at GH₵137.77 billion on Friday, May 2, 2025.
The GSE Composite Index (GSE-CI), which tracks the general market performance, advanced by 118.77 points during the week, representing a 1.95 percent gain to settle at 6,214.34 points. Similarly, the GSE Financial Stocks Index (GSE-FSI), which tracks the performance of financial stocks, rose modestly by 17.02 points to reach 3,129.19, translating to a weekly gain of 0.55 percent. Since the beginning of the year, the Financial Stocks Index has outperformed, posting a remarkable 31.43 percent return compared to the Composite Index’s 21.12 percent.
Trading activity across the week was marked by fluctuations in both volume and value. Monday opened with over 885,000 shares traded, valued at approximately GH₵6.15 million. Tuesday saw a steep decline in volume to around 175,000 shares, with value also dropping to GH₵1.53 million. Wednesday rebounded in spectacular fashion, recording the week’s highest trading value of GH₵15.2 million, despite a moderate trading volume of 341,936 shares. Trading was paused on Thursday due to a public holiday, before roaring back on Friday with the week’s highest volume of over 1.33 million shares and a value of GH₵8.27 million.
Investor activity led to price changes in several equities throughout the week. Ecobank Transnational Incorporated (ETI) gained momentum, appreciating by two pesewas on Friday to close at GH₵0.90, after inching up by a pesewa earlier in the week. MTN Ghana also saw increased investor interest, rising from GH₵3.00 at the beginning of the week to GH₵3.12 by Friday. The telecom giant gained ten pesewas on the final trading day after a two-pesewa gain on Wednesday.
Société Générale Ghana (SOGEGH) made one of the week’s most significant single-day gains, climbing sixteen pesewas on Wednesday to close at GH₵1.76. CAL Bank, on the other hand, saw a dip of three pesewas on Monday, ending the day at GH₵0.65. TotalEnergies Marketing Ghana experienced a marginal decline of one pesewa, closing at GH₵24.51.
The standout movement came from the gold-backed ETF, GLD, which experienced a sharp sell-off. The security lost GH₵6.50 on Tuesday, GH₵3.05 on Wednesday, and a further GH₵9.37 on Friday, bringing its price down to GH₵441.08. The consistent decline in GLD’s value over the week, despite relatively modest trading volumes, suggests that investors may be responding to broader shifts in global gold prices or rebalancing their portfolios amid market optimism in other sectors.
Overall, the GSE closed the week with renewed investor confidence, buoyed by gains in financial and telecom stocks.
