The Ghana Stock Exchange (GSE) has recorded a remarkable achievement in Monday’s session as bulls reigned supreme in a performance that left investors and market watchers jaw-dropped.

In total, 16 GSE listed equities participated in trading, ending with five solid gainers and impressively no losers. Societe Generale Ghana led the gainers with 10% share price appreciation closing at GHS 1.32 per share, followed by Benso Oil Palm Plantation (+9.98%), Guinness Ghana Breweries (+9.67%), Fan Milk (+9.63%), and GCB Bank PLC (+0.86%).

Societe Generale Ghana Ltd. (SOGEGH), the 4th largest bank in Ghana, gained 13 pesewas at the close of Monday’s trading session. The bank began the year with a share price of 1.00 GHS and has since gained 32% on that price valuation, ranking it sixth on the GSE in terms of year-to-date performance. Shareholders can be optimistic about SOGEGH knowing the stock has accrued an outstanding 65% over the past four-week period alone—second best on GSE.

Benso Oil Palm Plantation Ltd (BOPP) was the second gainer on the day, closing its last trading day at GHS18.63 per share on the Ghana Stock Exchange (GSE), recording a GHS1.69 gain over its previous closing price of GHS16.94.

The next gainer was Guinness Ghana Breweries Limited (GGBL) closing at GHS2.95 per share on the Ghana Stock Exchange, recording 26 pesewas gain over its previous closing price of GHS2.69.

Fan Milk Plc (FML) also closed its trading day at GHS2.39 per share on the Ghana Stock Exchange, recording 21 pesewas gain over its previous closing price of GHS2.18.

GCB Bank Limited (GCB) completed the list of gainers with 44 pesewas gain over its previous closing price of GHS3.50. GCB began the year with a share price of 3.94 GHS but has since lost 10.4% off that price valuation, ranking it 31st on the GSE in terms of year-to-date performance.

GCB Bank is the fifth most traded stock on the Ghana Stock Exchange over the past three months (Jun 13 – Sep 11, 2023). GCB has traded a total volume of 1.6 million shares valued at GHS 5.27 million over the period, with an average of 25,349 traded shares per session. A volume high of 1.02 million was achieved on June 13 for the same period.

Volume and Value Soar

At the end of the first weekday of trading on the local bourse, the trading activity soared to stratospheric heights. In all, a total of 5,755,835 shares, corresponding to a market value of GHS 9,218,554.69, were traded.

MTN Ghana recorded the highest volume of 5.2 million traded shares, followed by Guinness Ghana Breweries (500,014), Ecobank Ghana (28,245) and GCB Bank (9,830).

With regards to the performance of GSE market indices, the benchmark GSE Composite Index (GSE-CI) moved up 23.57 (0.77%) points to close at 3,095.40 points, representing a 1-week gain of 1.42%, a 4-week gain of 1.33%, and an overall year-to-date gain of 26.66%.

The GSE Financial Stocks Index (GSE-FSI) also increased by 0.91% to reach 1,780.78 points, making it a 1-week gain of 1.47%, a 4-week gain of 5.18%, and a year-to-date loss of 13.24%.

The all round performance was climaxed beautiful by a rise in the current market capitalization of the Ghana Stock Exchange to GHS 73.4 billion.