The Ghana Stock Exchange (GSE) ended the final weekday session on a positive note, as investor confidence was lifted by gains in SIC Insurance, Enterprise Group, and MTN Ghana.
Despite a decline in overall market turnover, these equities provided the needed spark that pushed the benchmark index higher and reinforced the exchange’s remarkable year-to-date performance.
SIC Insurance Company emerged as the day’s top gainer, recording a 0.96% appreciation in its share price to close at GHS 1.05. This performance solidified the insurance giant’s renewed investor appeal, as it continues to demonstrate resilience in a competitive sector.
The bullish run of SIC Insurance is particularly noteworthy, given the ongoing recovery efforts within the insurance industry, which has been navigating new regulatory demands and market challenges. Its steady performance has positioned it as a stock to watch for investors seeking long-term growth opportunities.
Enterprise Group also buoyed the market, rising by 0.7% to further establish its position as one of the strongest financial services firms on the GSE. The company’s diverse portfolio in insurance, pensions, and asset management continues to attract investor interest, contributing to the stock’s consistent upward movement.
MTN Ghana, the telecommunications powerhouse, registered a modest but crucial gain of 0.25%. More importantly, MTN dominated trading activity with 213,656 shares changing hands, representing the largest trading volume on the day. The telecom operator’s commanding presence on the GSE reflects its role as a bellwether stock for the market, given its size, influence, and consistent performance.
On the flip side, the only equity to record a loss on the day was NewGold ETF, which slipped by 0.25%. While relatively minor, this dip highlights the cautious stance of some investors toward commodities amid fluctuating global gold prices. Nonetheless, the ETF remains an attractive hedge for risk-averse investors who seek exposure to gold in their portfolios.
Market Indices Post Mixed Performance
The benchmark GSE Composite Index (GSE-CI) climbed 11.09 points, or 0.15%, to close the day at 7,412.59. This marks a one-week gain of 0.35%, a four-week surge of 16.06%, and an eye-catching year-to-date rally of 51.63%. The sustained momentum underscores the resilience of Ghana’s stock market, even in the face of global economic uncertainties.
Conversely, the GSE Financial Stocks Index (GSE-FSI) declined by 53.85 points to settle at 3,416.11. Despite this drop, the index still reflects a positive year-to-date gain of 43.49%, signaling continued investor interest in the financial sector over the long term.
At the close of the final weekday session, the GSE’s total market capitalization stood at GHS 151.1 billion, reaffirming its strong recovery and growth trajectory in 2025.
A total of 529,171 shares, valued at GHS 1,189,434.11, were traded during the session. While this represented a 49% decline in volume and a 67% decline in turnover compared to the previous day’s trading, the quality of activity, particularly from MTN Ghana, CalBank, Ecobank Transnational, and SIC Insurance, ensured that the market retained its buoyant outlook.
CalBank recorded 148,373 traded shares, Ecobank Transnational followed with 143,547, and SIC Insurance also contributed 13,730 shares to the day’s tally.
The GSE’s sustained momentum, marked by gains from major equities such as SIC Insurance, Enterprise Group, and MTN Ghana, is fueling optimism among investors. The exchange’s year-to-date rally of over 51% is one of the most robust performances in recent years, underlining its growing appeal as a hub for both local and foreign investors.
The market is expected to remain dynamic, with sectors such as telecommunications, banking, and insurance continuing to drive performance. However, analysts caution that global economic headwinds and local fiscal conditions could introduce volatility in the coming months.
The final weekday trading session reinforced the GSE’s positive trajectory, with SIC Insurance and Enterprise Group standing out as the day’s key drivers. MTN Ghana’s dominance in trading volumes further highlighted the telecom giant’s critical role in sustaining market activity.
While overall turnover dipped, the impressive year-to-date gains and the resilience of key equities provide investors with reasons to remain bullish on the Ghana Stock Exchange.
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