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Business & EconomyMarkets

MTN Ghana, Societe Generale, NewGold Drive GSE Rally with Price Gains

GSE indices advanced Tuesday as investor confidence lifted MTN, Societe Generale, and NewGold prices, with trading volumes and market value showing notable gains

What Happened on the GSE in May? 12 Key Takeaways You Shouldn’t Miss
Solomon Boakye
Jun 11, 2025

The Ghana Stock Exchange (GSE) closed Tuesday’s session on a firmer note, supported by renewed investor interest and quiet strength in key equities.

Contents
  • Selected Equities See Modest Gains
  • Market Outlook

The main benchmark, the GSE Composite Index, rose by 31.6 points to end the day at 6,036.32, a 0.53% increase that brings the index close to its year-to-date high. Meanwhile, the GSE Financial Stocks Index added 14.42 points, closing at 3,259.24, continuing a strong run that has seen financial equities appreciate nearly 37% so far this year.

Trading activity picked up sharply. Total volume reached 294,897 shares, while turnover climbed to GH¢1.97 million, well above Monday’s muted figures. The market capitalisation increased by GH¢420 million, closing at GH¢134.52 billion.

IndexPrevious (09/06/2025)Current (10/06/2025)Daily Change (Points)YTD Change (Jan 1 – Jun 10, 2025)
GSE Composite Index (GSE-CI)6,004.726,036.32+31.6+23.48%
GSE Financial Stocks Index (GSE-FSI)3,244.823,259.24+14.42+36.90%

Selected Equities See Modest Gains

Among the day’s quiet movers was MTN Ghana, which edged up by GH¢0.02 to close at GH¢2.83, recording a trade volume of 198,318 shares worth over GH¢560,000.

Societe Generale Ghana posted one of the more notable increases, gaining GH¢0.18 to close at GH¢1.98, its highest level for the year. It traded 5,003 shares at a value of GH¢9,905.94.

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Meanwhile, the NewGold ETF continued to attract attention from institutional investors. The price climbed by GH¢9.70 to GH¢364.70, with 3,571 units traded and a value of over GH¢1.3 million, the highest value recorded on the day.

Market Outlook

The steady gains and improved liquidity suggest growing investor confidence. With the GSE-CI approaching its recent peak of 6,037.66, the coming days could be key in shaping the next direction for the market.

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