The Ghana Stock Exchange (GSE) experienced a mixed trading session on March 24, 2025, as market indices saw a decline despite significant trading activity. The GSE Composite Index (GSE-CI) dropped by 54.06 points, falling from 6,180.14 on March 21, 2025, to 6,126.08.
- Gainers and Losers: MTN Ghana and Cal Bank Decline
- Most Traded Stocks: MTN Ghana Leads in Volume
- Highest and Lowest-Priced Stocks
- NewGold (GLD) Records Price Drop Despite High Trading Value
- Ghana Alternative Market (GAX) Sees Minimal Activity
- Notable Stock Activity: TotalEnergies and Tullow Oil See Trades
- Market Summary: Liquidity Remains High
Similarly, the GSE Financial Stock Index (GSE-FSI) recorded a marginal dip of 1.03 points, moving from 3,036.85 to 3,035.82. However, both indices remain strong year-to-date, with the GSE-CI posting a 25.32% gain since the beginning of 2025 and the GSE-FSI up by 27.51%.
Gainers and Losers: MTN Ghana and Cal Bank Decline
Among the top gainers, Access Bank Ghana PLC (ACCESS) saw a modest increase of GHC 0.01, closing at GHC 8.27. On the losing side, MTN Ghana (MTNGH) declined by GHC 0.05 to GHC 3.12, while Cal Bank PLC (CAL) fell by GHC 0.01 to GHC 0.79. These price movements reflected shifting investor sentiment across key sectors.
Most Traded Stocks: MTN Ghana Leads in Volume
MTN Ghana (MTNGH) emerged as the most traded stock by volume, with 5,525,660 shares exchanged, amounting to GHC 17,248,922.15 in total value. Access Bank Ghana PLC (ACCESS) also saw strong investor interest, trading 107,129 shares at a total value of GHC 885,956.83. Cal Bank PLC (CAL) followed with 25,144 shares traded, totaling GHC 19,863.76.
Despite this, several stocks, including ADB, AGA, ALW, ASG, BOPP, CLYD, CMLT, CPC, DASPHARMA, and FML, did not record any transactions. Some stocks saw minimal trades, with Ecobank Ghana (EGH) exchanging just 30 shares and Enterprise Group PLC (EGL) recording 50 shares traded.
Highest and Lowest-Priced Stocks
The highest-priced stock for the session was AngloGold Ashanti (AGA), closing at GHC 37.00, while Cocoa Processing Co. (CPC) remained the lowest-priced stock at GHC 0.02.
NewGold (GLD) Records Price Drop Despite High Trading Value
The Exchange Traded Fund (ETF) NewGold (GLD) experienced a decline of GHC 2.21, dropping from GHC 452.25 to GHC 450.04. NewGold recorded a high trading volume of 67,931 shares, with a total transaction value of GHC 30,571,840.73, making it one of the most actively traded securities in terms of value.
Ghana Alternative Market (GAX) Sees Minimal Activity
The Ghana Alternative Market (GAX) saw little to no activity, with Samba Foods (SAMBA), Meridian Marshalls (MMH), Intravenous Infusions (IIL), and Digicut (DIGICUT) all recording no trades. Hords Plc (HORDS) had a minimal transaction, trading only 0.10 shares. Additionally, preference shares such as Cal Bank Preference Shares (CALPREF) and Standard Chartered Preference Shares (SCBPREF) saw no recorded trades, while AngloGold Ashanti Depository Shares (AADS) also remained inactive.
Notable Stock Activity: TotalEnergies and Tullow Oil See Trades
TotalEnergies Marketing Ghana PLC (TOTAL) was among the notable stocks with trading activity, recording 5,000 shares exchanged at a total value of GHC 120,400.00. Tullow Oil (TLW) also saw movement, albeit minimal, with 15 shares traded at a value of GHC 178.80.
Market Summary: Liquidity Remains High
Overall, the market saw a total of 5,766,574 shares traded, amounting to a total transaction value of GHC 48,884,471.93. The market capitalization stood at GHC 135,836.09 million, reflecting a high level of liquidity despite the decline in market indices. While the day saw a pullback in performance, the broader market outlook remains positive, with significant gains recorded since the start of the year.
