The Ghana Stock Exchange (GSE) has etched a new milestone in its history books, recording an unprecedented trading value exceeding GHS1 billion in a single trading session.
This historic performance underscores the growing depth and dynamism of Ghana’s equity market, reaffirming investor confidence and the bourse’s strategic role in mobilizing capital.
At the close of trading, a staggering 247,919,650 shares changed hands, amounting to a total market value of GHS1,277,387,907.01. This level of liquidity is rarely witnessed on the Accra-based exchange and signals strong appetite among both institutional and retail investors for Ghanaian equities.
The day’s trading was dominated by a massive transaction in Guinness Ghana Breweries PLC, which accounted for an astonishing 247 million shares alone. This single counter dwarfed the volumes of other active stocks, highlighting the brewer’s pivotal place on the exchange.
Fan Milk Ghana followed with 330,954 shares traded, while Ecobank Transnational Incorporated (ETI) recorded 138,877 shares. CalBank also participated actively, with 69,641 shares exchanged. In total, 19 listed equities contributed to the day’s activity, reflecting broad-based participation across different sectors of the economy.
Gainers Take the Spotlight
Perhaps most remarkable was the trading session’s outcome: a market awash with gainers and no losers. This rare feat sent a strong signal of positive investor sentiment and momentum-driven buying.
TotalEnergies Marketing Ghana emerged as the day’s top gainer, notching up an impressive 10% appreciation in its share price to close at GHS30.25 per share. Access Bank Ghana followed closely, rising by 9.93%, while Republic Bank Ghana advanced by 9.09%. MTN Ghana, the largest company by market capitalization, also delivered a gain of 1.71%.
This collective performance underscored a market-wide rally that lifted prices across key counters, buoyed by renewed optimism about corporate earnings, robust macroeconomic indicators, and strategic investments by institutional players.
Indices Climb to New Heights
The buoyant trading session translated into remarkable gains for GSE’s benchmark indices. The GSE Composite Index (GSE-CI), which measures the performance of all listed stocks, surged by 101.12 points or 1.62% to close at 6,347.47. Over a one-week period, the index has gained 1.63%, while the four-week performance shows a 5.98% increase. Impressively, the index is up nearly 30% year-to-date, reflecting sustained bullishness in the market.
Similarly, the GSE Financial Stocks Index (GSE-FSI), which tracks the performance of listed financial institutions, climbed by 0.96% to reach 3,405.34 points. This translates to a one-week gain of 1.01%, a four-week gain of 5.03%, and an exceptional year-to-date return of 43.03%. The financial sector has benefitted from improved profitability, steady interest income, and strong investor interest.
Beyond trading volumes and index gains, the GSE also witnessed a significant jump in its market capitalization. The total market value of all listed companies rose to GHS138.5 billion, adding close to GHS100 million in a single day. This expansion in market capitalization reinforces the exchange’s position as a key conduit for channeling savings into productive investments and supporting Ghana’s economic transformation agenda.
Market analysts noted that the historic surge reflects not only large block trades but also growing institutional participation, as pension funds, mutual funds, and insurance companies continue to allocate more resources to listed equities.
Renewed Investor Confidence
Commenting on the record-setting session, market watchers described the development as a watershed moment for the GSE. According to some analysts, the remarkable trading value and absence of losers demonstrate an encouraging combination of liquidity, transparency, and confidence that is crucial for sustaining long-term growth.
Investors appear to be responding to a confluence of positive factors, including improving macroeconomic stability, declining inflationary pressures, and a stable cedi, which have combined to brighten the outlook for listed companies.
As the Ghana Stock Exchange continues to deepen its market infrastructure and broaden participation, days like this one underscore its growing sophistication and resilience.
For many market participants, this billion-cedi trading day is not only a record to be celebrated but a powerful reminder of the opportunities available in Ghana’s equity markets when confidence, liquidity, and investor interest align.
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