The Ghana Stock Exchange closed the last weekday of trading on a strong note, recording a broad-based rally that pushed market capitalization to GHS 166.9 billion from GHS 166.3 billion.

The surge reflected renewed investor confidence as trading activity intensified and key equities posted notable gains across multiple sectors.

In the aggregate, 21 listed equities participated in trading, with five stocks ending the session in positive territory against just one decliner. This market breadth highlighted a bullish sentiment that continues to dominate the local bourse, supported by strong performances in both financial and non-financial stocks.

Benso Oil Palm Leads the Charge

Benso Oil Palm Plantation emerged as the standout performer of the session, posting a 9.65 percent appreciation in its share price to close at GHS 51.00 per share. The stock’s sharp rise placed it firmly at the top of the gainers’ chart and underscored growing investor interest in agribusiness and commodity-linked equities.

NewGold ETF followed closely with a 9.44 percent gain, reflecting strong appetite for alternative investment instruments as investors seek portfolio diversification. The solid performance of the ETF also mirrored broader market optimism, particularly amid rising index levels and improving turnover figures.

CalBank added 4.44 percent to its share price, while Ecobank Ghana gained 4.08 percent, reinforcing the dominant role of financial stocks in driving market growth. These gains were instrumental in lifting overall market indices and sustaining the bullish tone of the session.

In an otherwise upbeat trading session, TotalEnergies Marketing Ghana was the sole equity to close in negative territory. The stock recorded a marginal decline of 0.02 percent, suggesting mild profit-taking rather than a significant shift in investor sentiment toward the energy sector.

The limited downside movement highlighted the overall strength of the market, as selling pressure remained minimal and largely contained to a single counter.

Trading Volumes Surge Dramatically

Trading activity on the Ghana Stock Exchange witnessed a remarkable improvement, with a total of 13,086,286 shares changing hands by the close of the session. These trades corresponded to a market value of GHS 12,389,581.05, representing a dramatic 808 percent improvement in turnover compared with the previous trading day.

CalBank dominated trading volumes, recording the highest activity with 12 million shares traded. This level of participation pointed to heightened investor interest in the stock, likely driven by its price appreciation and strong positioning within the banking sector.

MTN Ghana followed with 991,294 traded shares, while Ecobank Ghana and GCB Bank recorded volumes of 32,271 and 23,667 shares respectively. The strong showing by banking and telecom stocks emphasized their role as liquidity drivers on the exchange.

Indices Extend Bullish Performance

The benchmark GSE Composite Index advanced by 44.44 points, representing a 0.51 percent increase, to close at 8,679.19 points. This performance translated into a one-week gain of 0.66 percent and a four-week gain of 5.89 percent, while the year-to-date return climbed to an impressive 77.54 percent.

The sustained rise of the Composite Index reflects consistent buying interest across the market and signals improving confidence in the broader economy and corporate earnings outlook.

Similarly, the GSE Financial Stocks Index posted a strong gain of 0.98 percent to close at 4,544.24 points. The index now boasts a one-week gain of 1.26 percent, a four-week gain of 8.54 percent, and a year-to-date return of 90.87 percent. These figures highlight the financial sector as the primary engine of growth on the exchange.

The increase in market capitalization to GHS 166.9 billion marked another significant milestone for the Ghana Stock Exchange. The growth in market value was driven by price appreciation among key equities and rising investor participation, particularly in high-performing stocks.

This upward movement reinforces the exchange’s strong performance in 2025 and positions it as one of the more resilient markets within the region, supported by improving liquidity and sustained demand for equities.

With indices posting robust gains and turnover showing sharp improvement, market watchers remain optimistic about the near-term outlook of the Ghana Stock Exchange. The dominance of financial stocks, coupled with strong performances from selected non-financial equities, suggests that investor confidence remains intact.

As market capitalization continues to expand and trading activity gains momentum, the exchange is likely to attract increased attention from both local and foreign investors seeking growth opportunities within Ghana’s capital market.