The Ghana Stock Exchange (GSE) delivered another positive performance as key market indices closed higher despite a notable decline in trading activity, reinforcing investor confidence in selected equities and the broader market outlook.
At the close of trading, the benchmark GSE Composite Index (GSE-CI) advanced by 28.05 points, representing a 0.19 percent increase to finish at 14,430.05 points.
The gain came even as market participation weakened, suggesting that strong performances from a number of key stocks were sufficient to keep the market in positive territory.
Although the exchange recorded a one-week decline of 0.77 percent and a four-week loss of 4.52 percent, the market’s year-to-date return remains a remarkable 64.53 percent, underlining the strong momentum that has characterised trading on the local bourse in 2026.
TotalEnergies Leads Gainers
The standout performer of the session was TotalEnergies Marketing Ghana, which recorded a 9.09 percent appreciation in its share price to close at GH¢36.00.
The stock’s strong performance helped drive overall market gains and offset losses recorded by several other equities.
Banking stocks also contributed to the positive sentiment, with CalBank advancing by 4.11 percent and Ecobank Transnational Incorporated posting a 1.45 percent gain.
Market analysts say investor interest continues to focus on fundamentally strong companies in the banking and energy sectors, which are viewed as well-positioned to benefit from improving economic conditions.
Despite the market’s upward movement, several stocks ended the session lower.
Benso Oil Palm Plantation emerged as the biggest loser after declining by 5.88 percent to close at GH¢80.00 per share.
SIC Insurance Company also recorded a 1.01 percent drop, while ZEN Petroleum Holdings and Ghana Oil Company posted marginal declines of 0.71 percent and 0.13 percent respectively.
However, the losses were insufficient to outweigh gains by the session’s top-performing counters.
MTN Ghana Remains Liquidity Leader
MTN Ghana once again dominated trading activity, recording approximately 2.2 million shares traded, the highest volume on the market.
The telecommunications giant maintained its position as the exchange’s primary liquidity driver. GCB Bank followed with 347,139 traded shares, while Ecobank Transnational and CalBank recorded 300,896 and 132,242 shares respectively.
The concentration of trading activity among a few highly liquid stocks continues to reflect investor preference for established and actively traded equities.
The GSE Financial Stocks Index (GSE-FSI) also closed higher, gaining 0.35 percent to settle at 7,872.22 points. Despite a four-week decline of 10.69 percent, the index has returned an impressive 69.4 percent since the start of the year.
Meanwhile, overall trading activity weakened, with total volume declining by 39 percent and turnover falling by 9 percent to GH¢29.05 million. Analysts attribute the slowdown to profit-taking and portfolio repositioning after months of strong market gains.
Despite the softer trading figures, the exchange’s market capitalisation remains robust at GH¢264.1 billion, highlighting the growing importance of Ghana’s capital market as a platform for investment and wealth creation.
The latest session demonstrated that strategic buying in key blue-chip stocks continues to sustain market momentum even amid reduced trading activity.
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