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Business & Economy

Steady Trading in Ecobank and Cal Bank Shares Amid GSE’s Mixed Movement

The GSE showed mixed activity with Enterprise Group rising and MTN slipping. Strong year-to-date gains continue amid steady trading in banking and telecom stocks

Ghana Stock Exchange Slips Again as Investors Trim Positions Ahead of Weekend
Solomon Boakye
May 20, 2025

The Ghana Stock Exchange (GSE) continued the week on a quieter note, with the benchmark indices showing mixed movements and trading volumes concentrated in a few key stocks.

Contents
  • Enterprise Gains, MTN Slips
  • High Volumes, No Change

The GSE Composite Index dipped by 8.6 points to close at 6,699.04 on Monday, down from 6,707.64 last Friday. In contrast, the GSE Financial Stocks Index posted a modest gain of 2.9 points, finishing at 3,171.38.

Despite Monday’s slight drop, the year-to-date performance remains strong, with the composite index up 37.04% and the financial index advancing 33.21%.

GSE STOCK INDICESPrevious (16/05/2025)Current (19/05/2025)ChangeChange Year-to-Date (Jan 01 – May 19, 2025)
GSE Composite Index (GSE-CI)6,707.646,699.04-8.6 points37.04%
GSE Financial Stocks Index (GSE-FSI)3,168.483,171.38+2.9 points33.21%

Market activity totaled 796,695 shares, valued at GH¢2.63 million, with a market capitalization of GH¢143.61 billion.

Enterprise Gains, MTN Slips

Enterprise Group PLC (EGL) was the session’s top gainer, adding GH¢0.15 to close at GH¢2.85. The stock recorded a volume of 25,876 shares, valued at over GH¢73,700.

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On the flip side, Scancom PLC (MTNGH) edged down by GH¢0.01 to GH¢3.53, despite leading trading volumes with 696,455 shares, worth approximately GH¢2.46 million.

High Volumes, No Change

Other active counters included Ecobank Transnational Inc. (ETI) and Cal Bank PLC (CAL), both of which closed flat. ETI traded 39,480 shares at GH¢0.90, while CAL saw 33,560 shares exchanged at GH¢0.64.

Although price movements were limited, trading activity suggests continued investor interest in banking and telecom stocks.

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