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Business & EconomyMarkets

MTN Slips but Market Energy Remains High as GSE Records Heavy Trading

Turnover on the Ghana Stock Exchange surged to GH¢34.38 million as GCB and NewGold advanced, offsetting declines in MTN and CalBank amid a slightly lower market close

GSE Ends Midweek Session Lower as Financial Stocks Cool Off
Solomon Boakye
Oct 30, 2025

Trading on the Ghana Stock Exchange (GSE) came alive on Wednesday, October 29, 2025, with turnover soaring to GH¢34.38 million, a dramatic leap from the previous day’s GH¢1.38 million. Investors exchanged more than 8.2 million shares, marking one of the most active sessions in recent weeks.

Despite the strong trading momentum, the broader market edged slightly lower. The GSE Composite Index dipped by 6.35 points to close at 8,345.01, trimming the market’s capitalization to GH¢166.20 billion. Still, the year-to-date gain remains a remarkable 70.71 percent, reflecting the market’s resilience through the year.

Banking and financial stocks led the day’s positive moves. GCB Bank PLC stood out as the star performer, jumping GH¢1.30 to close at GH¢16.95 after a strong run of investor demand. Enterprise Group PLC also gained ground, ending the day at GH¢3.45, while Standard Chartered, Societe Generale, and Ghana Oil Company all recorded modest upticks that added momentum to the financial sector.

NewGold (GLD) also glittered, climbing GH¢12.77 to close at GH¢446.00. The surge reflected renewed interest in gold-backed assets as global bullion prices strengthened, drawing local investors into the mix.

The day’s downside came from two key counters. MTN Ghana, which dominated trading with nearly eight million shares valued at GH¢33.53 million, slipped by three pesewas to close at GH¢4.20. CalBank also declined by five pesewas to GH¢0.60, giving up some of its earlier gains.

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Overall, Wednesday’s session showcased a market full of activity and shifting sentiment. Even with the slight dip in the index, confidence on the GSE floor remained strong.

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