Trading activity on the Ghana Stock Exchange (GSE) slowed significantly on Wednesday, March 19, 2025, with only 303,239 shares changing hands—a steep decline from the 748,650 shares recorded on Tuesday. Despite the lower trading volume, the GSE Composite Index (GSE-CI) remained unchanged at 6,154.92, while the Financial Stock Index (FSI) held steady at 3,029.04.
Market capitalization saw a marginal increase from GH₵136,200.37 million to GH₵136,200.46 million, reflecting a cautious but stable investor sentiment.
Investor interest was concentrated on a few key stocks, with MTN Ghana (MTNGH), Total Petroleum Ghana (TOTAL), Ecobank Transnational Inc. (ETI), Allianz Ghana (ALLGH), CalBank (CAL), and Tullow Oil (TLW) all recording trading volumes above 1,000 shares.
However, none of these stocks experienced price movements. MTN Ghana remained unchanged at GH₵3.17, with an impressive 140,993 shares traded. Total Petroleum Ghana also held steady at GH₵21.90, with 1,000 shares changing hands. Ecobank Transnational Inc. (ETI) saw 134,638 shares traded but closed at its opening price of GH₵0.85, while CalBank, which moved 26,057 shares, also maintained its price at GH₵0.80. Allianz Ghana (ALLGH), though among the actively traded stocks, had a modest 245 shares traded, closing unchanged at GH₵6.12. Tullow Oil, which traded 88 shares, also saw no price change, ending the day at GH₵11.92.
The only stock to record a price movement was NewGold (GLD), which saw a GH₵0.03 increase, moving from GH₵452.25 to GH₵452.28. This minor uptick reflects continued investor interest in the gold-backed asset, possibly driven by fluctuations in global gold prices.
As a commodity-backed security, NewGold often mirrors trends in the international gold market, making it an attractive hedge against inflation and currency volatility.
While the overall market remained stable, the sharp drop in trading volume suggests that investors are exercising caution, likely monitoring global and domestic economic conditions before making significant moves.
