Trading on the Ghana Stock Exchange closed on a strong and optimistic note as market activity reflected renewed investor confidence and sustained bullish sentiment.
In the aggregate, 20 listed equities participated in the session, recording three gainers and no losers. The absence of declining stocks underscored the positive mood that has characterized recent trading sessions and reinforced the perception of improving market stability.
Leading the gainers was Societe Generale Ghana, which posted an impressive 10 percent appreciation in its share price to close at GHS 5.50 per share. The rally in the banking stock highlighted growing investor interest in fundamentally strong financial institutions. Guinness Ghana Breweries followed with a solid 6.2 percent gain, while GCB Bank recorded a marginal but positive increase of 0.04 percent.
MTN Ghana Leads Trading Activity
Activity levels on the market showed a marked improvement, driven largely by heavy volumes in selected equities. MTN Ghana dominated trading, recording the highest volume with 34.7 million shares changing hands. The telecom giant’s consistent liquidity continues to make it a preferred stock for both institutional and retail investors seeking active positions on the exchange.
GCB Bank followed with a traded volume of 467,263 shares, while CalBank recorded 156,893 shares. Ecobank Transnational Incorporated also featured among the most traded equities with 63,113 shares. The concentration of volumes in these counters reflects investor preference for large cap and financial sector stocks, which are perceived as more resilient in the current market environment.
Composite Index Sustains Upward Momentum
The benchmark GSE Composite Index continued its upward trajectory, climbing 27.72 points or 0.31 percent to close at 9,051.33 points. This performance represents a one week gain of 0.55 percent and a four week gain of 2.89 percent. On a year to date basis, the index has now gained 3.2 percent, signaling steady recovery and gradual wealth creation for equity investors.
Crossing the 9,050 point mark is significant as it reflects sustained buying interest and growing confidence in the broader equity market. The consistent weekly gains also suggest that investors are responding positively to macroeconomic stability and improved earnings prospects for listed companies.
Financial Stocks Drive Market Performance
The GSE Financial Stocks Index was once again a major driver of overall market performance. The index rose by 0.74 percent to close at 4,991.81 points. This translated into a one week gain of 1.34 percent, a four week gain of 6.91 percent, and an impressive year to date gain of 7.42 percent.
The strong performance of the financial index highlights renewed confidence in the banking and insurance sectors, which have shown improved balance sheets and stronger capital positions. Market watchers note that financial stocks are increasingly seen as value opportunities, especially as credit conditions stabilize and economic growth prospects improve.
The total market capitalization of the Ghana Stock Exchange stood at GHS 180.6 billion at the close of the session. This valuation reflects the cumulative impact of sustained price appreciation and steady participation by investors. A stable and growing market capitalization is often viewed as a key indicator of market depth and investor confidence.
The continued expansion of market value also enhances the exchange’s attractiveness to both local and foreign investors seeking exposure to Ghana’s equity market.
Trading Volumes and Turnover Record Sharp Growth
At the end of the trading session, a total of 35,425,948 shares were traded, corresponding to a market value of GHS 156,761,767.20. This represented a significant improvement compared with the previous trading day, Wednesday, February 4. Data showed a 35 percent increase in traded volume and a 41 percent rise in turnover.
The sharp growth in activity suggests heightened investor participation and improved liquidity conditions on the exchange. Analysts believe that rising volumes are critical for sustaining price gains, as they reflect genuine market interest rather than isolated trades.
The continued winning streak of the GSE indices points to a cautiously optimistic outlook for the equity market in the near term. With no losers recorded, rising volumes, and strong index performances, the market appears to be benefiting from a combination of improved sentiment and selective bargain hunting.
While external risks and macroeconomic factors remain important considerations, the recent trend suggests that investors are increasingly willing to take positions in fundamentally sound stocks. If the current momentum is sustained, the Ghana Stock Exchange could see further gains in the weeks ahead, supported by strong financial stocks and active participation in high liquidity counters.
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