The Ghana Stock Exchange (GSE) closed Thursday, August 14, on a downbeat note, losing more than GH¢500 million in value as a slip in MTN Ghana’s share price outweighed gains in GCB Bank.
The market’s total capitalization fell to GH¢150.95 billion, down from GH¢151.46 billion the previous day. The benchmark GSE Composite Index also dropped by 41.79 points to close at 7,401.50, despite still boasting an impressive 51.41 percent gain so far in 2025.
Thursday’s fall marked a reversal in momentum after a mixed start to the week. The index had held steady on Tuesday, following Monday’s modest gains, before jumping on Wednesday to 7,443.29 on improved investor sentiment. That midweek rally proved short-lived, as Thursday’s trading wiped out most of the previous day’s progress.
The GSE Financial Stocks Index managed to stay in positive territory, inching up by 1.20 points to 3,415.51, reflecting continued resilience in the banking sector.
Trading activity was livelier than Wednesday, with 1,037,847 shares changing hands at a total value of GH¢3.64 million. MTN Ghana dominated the trading floor, accounting for over 881,000 shares worth GH¢3.47 million. But the telecom heavyweight’s share price slipped by 4 pesewas to GH¢3.94, dragging the broader market down.
GCB Bank provided a rare bright spot, gaining 4 pesewas to close at GH¢9.61 after a modest 1,045 shares traded. However, its rise was not enough to counterbalance the weight of MTN’s decline.
