Trading on the Ghana Stock Exchange began the week on a subdued note, with total turnover declining to GH¢9.32 million on Monday, May 4, 2026, as investors traded 1.53 million shares across the market.
The session reflected a slowdown from the previous trading day, when activity exceeded GH¢41 million, pointing to more selective investor positioning at the start of the week.
Scancom PLC dominated trading by value, recording GH¢4.80 million from 705,610 shares. The telecom giant closed unchanged at GH¢6.80, maintaining its status as one of the most liquid stocks on the exchange.
ZEN Petroleum Holdings PLC followed with trades worth GH¢1.73 million from 287,259 shares. However, the stock declined by GH¢0.12 to close at GH¢6.02, slipping from its previous level of GH¢6.14.
Other notable counters included GCB Bank PLC, which traded shares valued at GH¢579,100, and Fan Milk PLC, with turnover of GH¢299,916. Ecobank Transnational Incorporated also recorded steady participation.
Mixed Price Movements Across Counters
Price movements remained relatively narrow, with gains and losses evenly distributed. Fan Milk emerged as the top gainer, rising by GH¢0.56 to close at GH¢12.06, signalling renewed investor confidence after recent declines.
Ghana Oil Company PLC also posted gains, advancing by GH¢0.09 to GH¢8.00, marking a new year high and reflecting sustained interest in petroleum-linked stocks.
On the downside, ZEN Petroleum led the losers, while Cal Bank PLC, Ecobank Ghana PLC and Ecobank Transnational recorded marginal declines.
Several equities, including Standard Chartered Bank Ghana PLC and Unilever Ghana PLC, closed unchanged, highlighting the overall cautious tone of the session.
Market Reflects Selective Investor Interest
The trading pattern suggests liquidity remains concentrated in a handful of high-volume stocks, particularly MTN Ghana and ZEN Petroleum.
While overall activity softened, investor interest in selected counters such as Fan Milk and GOIL indicates targeted buying rather than broad-based participation.
The session underscores a measured start to May, with moderate turnover, limited volatility, and continued focus on key market movers.
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