The ICT sector dominated trading on the Ghana Stock Exchange in the week of April 27–30, accounting for the bulk of market activity as overall volumes declined and trading remained concentrated in a few large-cap stocks.
ICT stocks made up 65.78% of total volume traded and 57.93% of total value traded, driven largely by MTN Ghana, which alone recorded 7.54 million shares traded worth GHS 50.09 million. MTN remained the most active stock on the market by both volume and value, continuing its dominant role in driving liquidity on the exchange.
Total market volume fell 15.11% week-on-week to 11.51 million shares, while turnover declined 0.90% to GHS 86.54 million, reflecting weaker participation across the broader market. Market capitalisation, however, rose 1.02% to GHS 281.84 billion, supported by gains in selected counters.
The benchmark GSE Composite Index rose 1.73% to 15,130.52, while the GSE Financial Stocks Index was largely flat, slipping 0.02% to 8,839.41, highlighting mixed performance across key sectors.
Financial stocks accounted for the second-largest share of activity, recording GHS 29.92 million in value traded. Trading in the sector was led by GCB Bank, Zenith Bank, Access Bank and others, although price movements were mixed across banking equities.
Outside ICT and financials, trading activity remained subdued across agriculture, manufacturing, insurance, mining and ETF segments, which collectively contributed a small portion of total turnover for the week.
Market breadth was mixed. On the gainers’ side, ZEN rose 12.66%, CLYD gained 11.11%, ALLGH advanced 8.33% and UNIL added 5.41%, while SIC gained 5.02% and MTN Ghana rose 3.50%. On the losing side, FML fell 5.74%, GGBL dropped 2.03%, GCB declined 2.28%, and ETI eased 1.36%, among others.
Overall, the average price movement across listed equities was +1.88% for the week, reflecting a mildly positive bias despite uneven performance across sectors and stocks.
Trading activity was volatile across sessions. Turnover peaked on April 30 at GHS 41.51 million, following comparatively weaker mid-week activity. Market capitalisation fluctuated within a narrow range during the week but ended above the prior week’s level.
The week’s trading pattern underscored continued concentration of liquidity in ICT stocks, particularly MTN Ghana, while broader participation across other listed sectors remained limited and selective.
