The Ghana Stock Exchange (GSE) witnessed an extraordinary trading session as investors exchanged shares worth GHS 121.22 million in a single day, marking one of the most active sessions in recent market history.
By the close of trading, a total of 30,548,574 shares had changed hands, reflecting renewed investor confidence and growing activity on the local bourse.
Market analysts describe the session as unprecedented, not only because of the value traded but also due to the broad participation of listed equities. A total of 25 stocks were actively traded, signaling strong market depth and increasing interest across multiple sectors of the economy.
CalBank Leads Gainers as Market Breadth Improves
Equity performance at the close of the session showed a positive market breadth, with four gainers and only one loser recorded. CalBank emerged as the top performer, posting a notable 5.56 percent appreciation in its share price to close at GHS 0.76 per share. The strong performance of CalBank reflected renewed optimism in the banking sector, which has been recovering steadily following recent macroeconomic stabilization efforts.
Enterprise Group followed with a modest 0.28 percent gain, while Ecobank Ghana added 0.14 percent to its share price. Benso Oil Palm Plantation also ended the session in positive territory, inching up by 0.06 percent. These gains, though modest in some cases, contributed significantly to the upbeat sentiment that dominated trading activities.
TotalEnergies the Sole Loser
Despite the generally bullish atmosphere, TotalEnergies Marketing Ghana was the only equity to close in negative territory. The stock recorded a marginal decline of 0.07 percent by the end of the session.
Market watchers noted that the slight dip did little to dampen overall sentiment, as selling pressure remained limited and isolated.
The presence of just one loser against four gainers reinforced the perception of a market driven largely by buying interest rather than profit taking or speculative sell offs.
MTN Ghana Dominates Trading Volumes
In terms of volume, MTN Ghana was the clear standout performer. The telecommunications giant accounted for a staggering 28.2 million shares traded, making it the most active stock of the day by a wide margin. MTN’s dominance highlighted the continued attractiveness of blue chip stocks among both institutional and retail investors.
CalBank followed with 2.11 million shares traded, while SIC Insurance Company recorded a volume of 86,835 shares. Societe Generale Ghana also featured among the most traded equities, with 52,911 shares changing hands. The strong volumes across these counters pointed to heightened liquidity and growing participation on the exchange.
GSE Composite Index Extends Upward Momentum
The surge in trading activity translated into gains for the market’s key indices. The benchmark GSE Composite Index advanced by 12.88 points, representing a 0.14 percent increase to close at 8,997.05 points. This performance extended the index’s positive trajectory, delivering a one week gain of 0.8 percent and a four week gain of 2.74 percent.
On a year to date basis, the Composite Index has now gained 2.59 percent, underscoring the gradual but steady recovery of the equity market amid improving macroeconomic indicators.
Financial Stocks Index Records Strong Gains
Financial stocks also enjoyed a strong showing during the session. The GSE Financial Stocks Index rose by 0.35 percent to settle at 4,919.91 points. This represented a one week gain of 1.8 percent and an impressive four week gain of 6.27 percent.
Since the beginning of the year, the Financial Stocks Index has advanced by 5.87 percent, reflecting renewed investor appetite for banking and insurance equities. Analysts attribute this trend to easing inflationary pressures, improved balance sheets, and expectations of a more stable interest rate environment.
The robust trading session further reinforced the growing size of Ghana’s capital market. Total market capitalization of the Ghana Stock Exchange currently stands at GHS 178.7 billion, highlighting the increasing role of the stock market in mobilizing long term capital for economic growth.
Market observers believe that sustained trading activity of this magnitude could help deepen the market, improve price discovery, and attract more listings in the medium term. With investor confidence gradually returning, the exchange appears poised for further expansion if supportive macroeconomic conditions persist.
The GHS 121 million trading frenzy has set a strong tone for the market, suggesting that investors are increasingly willing to take positions in quality stocks. While short term volatility remains a possibility, the underlying indicators point to cautious optimism.
As earnings season approaches and macroeconomic stability improves, analysts expect trading volumes and values to remain elevated.
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