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Business & Economy

Guinness Leads Price Gains as MTN Falls Despite Dominating Trade Volumes

Guinness led gainers on the GSE as MTN slipped despite high trade volume. Indices fell, with market capitalization dropping to GH¢136.55 billion by week’s end

Guinness Leads Price Gains as MTN Falls Despite Dominating Trade Volumes
Solomon Boakye
Jun 2, 2025

The Ghana Stock Exchange (GSE) closed out the week on a mixed note, with Guinness Ghana Breweries PLC (GGBL) leading the day’s price gainers while market heavyweight MTN Ghana (Scancom PLC) slid despite commanding the largest share volume.

At the end of Friday’s trading, the GSE Composite Index (GSE-CI) shed 25.56 points to close at 6,150.31, extending a cautious tone into the weekend. The GSE Financial Stocks Index (GSE-FSI) also slipped by 7.69 points, finishing at 3,217.14. Nevertheless, year-to-date performance remained positive, with the Composite Index up 25.81% and the Financial Index returning a solid 35.13%.

IndicatorGSE Composite Index (GSE-CI)GSE Financial Stocks Index (GSE-FSI)
Previous (29/05/2025)6,175.873,224.83
Current (30/05/2025)6,150.313,217.14
Change🔽 25.56 points🔽 7.69 points
Change – Year to Date (Jan 01 – May 30, 2025)+25.81%+35.13%

Guinness Ghana led the gainers with a GH¢0.05 rise to GH¢6.05, while SIC Insurance and GCB Bank recorded modest increases of GH¢0.01 and GH¢0.02 respectively. SIC’s uptick brought it to GH¢1.01, breaking above the symbolic one-cedi threshold, while GCB closed at GH¢8.03.

On the losing end, MTN Ghana dropped by GH¢0.02 to GH¢2.98, and Ecobank Transnational Inc. (ETI) dipped GH¢0.01 to settle at GH¢0.89.

Guinness Leads Price Gains as MTN Falls Despite Dominating Trade Volumes

Despite the dip in its share price, MTN attracted the highest investor attention with a massive 305,779 shares traded, representing a market value of GH¢910,311.44. Other active stocks included ETI (61,438 shares), SIC (42,313 shares), GCB (2,000 shares), Guinness Ghana (1,991 shares), and Cal Bank (1,542 shares), which closed flat at GH¢0.58.

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Guinness Leads Price Gains as MTN Falls Despite Dominating Trade Volumes

Week in Review: Market Cools After Early Gains

Trading volumes remained relatively robust throughout the week, peaking at 425,087 shares on Monday and closing at 416,874 shares on Friday. However, overall market value fell sharply by the end of the week, down from GH¢4.95 million on Wednesday to just GH¢1.03 million on Friday , a sign of waning investor appetite in high-value trades.

The GSE Composite Index lost momentum midweek after opening Monday at 6,344.23, dropping daily before closing Friday at 6,150.31. Market capitalization also declined steadily over the five-day stretch, shedding over GH¢2.5 billion to settle at GH¢136.55 billion.

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