It started quietly, almost cautiously. A few strong trades here, a small lift there. Nothing dramatic. But by Thursday February 13th, 2025, the mood on the Ghana Stock Exchange had shifted completely. What began as a steady climb turned into a confident charge, with investors leaning in and prices responding in kind.
By the close, the benchmark GSE Composite Index had leapt to 9,689.99, gaining 243.12 points from Wednesday’s 9,446.87. The GSE Financial Stocks Index followed the same upward rhythm, rising to 5,326.34 as banking counters regained favour. For investors watching from the start of the year, the scoreboard now shows a strong 10.49% gain for the composite index and 14.61% for financial stocks, numbers that feel less like coincidence and more like renewed conviction.
Thursday’s session carried real energy. 11.56 million shares changed hands, generating GH¢47.61 million in value, easily the most active day of the week. Market capitalisation expanded to GH¢188.33 billion, reinforcing the sense that capital was flowing back into equities and that confidence was returning to the trading floor.
The market’s heartbeat came from telecoms and financial stocks. Scancom PLC (MTNGH) dominated activity, with more than 10 million shares traded and a closing price of GH¢4.50, up GH¢0.09. In the banking space, Ecobank Ghana PLC (EGH) made one of the boldest moves of the day, jumping GH¢3.00 to GH¢34.50. Access Bank Ghana PLC (ACCESS) climbed to GH¢19.57 after a GH¢1.77 gain, while Cal Bank PLC (CAL) advanced to GH¢0.85 and Societe Generale Ghana PLC (SOGEGH) edged up to GH¢5.56.
Elsewhere, Fan Milk PLC (FML) added flavour to the rally with a GH¢0.53 rise to GH¢9.03. Ecobank Transnational Inc. (ETI) ticked up to GH¢0.81, while GCB Bank PLC (GCB) closed slightly firmer at GH¢22.65, small moves individually, but together reinforcing the market’s positive tone.
The week itself unfolded like a story gaining confidence chapter by chapter. Monday began with heavy participation as 10,287,273 shares worth GH¢46.02 million were traded, leaving the composite index at 9,171.75 and market capitalisation at GH¢181.03 billion.
Tuesday’s session was quieter but constructive, with 3,601,346 shares valued at GH¢9.24 million, lifting the index to 9,349.89 and market cap to GH¢182.74 billion. Wednesday carried the slow momentum forward, with 1,855,120 shares worth GH¢6.65 million pushing the index to 9,446.87 and market capitalisation to GH¢184.57 billion, a calm buildup before Thursday’s decisive surge.
By the end of the week’s strongest session, the numbers told only part of the story.
