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Business & Economy

MTN Leads Turnover as GSE Trading Volume Soars; Financial Stocks Drive Market Resilience

Ghana Stock Exchange saw surged trading with financial stocks rising, total volume quadrupling to 1.93 million shares, despite a slight 0.42% dip in the composite index

What Happened on the GSE in May? 12 Key Takeaways You Shouldn’t Miss
Solomon Boakye
Jun 4, 2025

Trading on the Ghana Stock Exchange (GSE) intensified on Tuesday as market activity surged, led by gains in financial stocks and a notable upswing in investor participation.

Contents
  • Market Activity Jumps
  • Price Gainers and Losers

The GSE Composite Index (GSE-CI) declined marginally by 25.37 points to close at 6,012.29, representing a 0.42 percent dip from the previous session. Despite the pullback, the broader market index maintains a solid 22.99 percent gain since the start of the year.

In contrast, the GSE Financial Stocks Index (GSE-FSI) advanced by 22.12 points to end the session at 3,244.81. The index has now recorded a year-to-date growth of 36.29 percent, underscoring continued strength in the financial sector.

IndexPrevious (02/06/2025)Current (03/06/2025)Change (Points)Year-to-Date Change (%)
GSE Composite Index (GSE-CI)6,037.666,012.29-25.3722.99%
GSE Financial Stocks Index (GSE-FSI)3,222.693,244.81+22.1236.29%

Market Activity Jumps

Total trading volume rose sharply to 1.93 million shares, up from 419,718 shares on Monday — marking a more than fourfold increase. Market turnover followed suit, climbing to GH₵5.1 million from GH₵1.49 million in the previous session. The surge in volume and value reflects increased liquidity and broad-based participation across key counters.

Market capitalization dipped slightly from GH₵134.82 billion to GH₵134.17 billion, in line with the minor decline in the composite index.

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Price Gainers and Losers

Several equities recorded price gains, led by Access Bank Ghana PLC, which closed at GH₵13.12, up GH₵0.92. GCB Bank PLC also performed strongly, adding GH₵0.72 to close at GH₵8.80. Benso Palm Plantation PLC advanced GH₵3.08 to end at GH₵34.20, while Ghana Oil Company PLC added GH₵0.11 to close at GH₵1.91.

Fan Milk PLC and SIC Insurance Company PLC posted modest gains, rising by GH₵0.01 and GH₵0.03 respectively. Both stocks closed the session at GH₵4.11 and GH₵1.04.

On the downside, MTN Ghana, despite dominating the trading session in value and volume, declined by GH₵0.05 to close at GH₵2.82. The stock accounted for over GH₵4.5 million in turnover, with more than 1.6 million shares traded.

Other decliners included Ecobank Transnational Inc., which shed GH₵0.02 to close at GH₵0.85, and Cal Bank PLC, which lost GH₵0.01 to finish at GH₵0.57.

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