The Ghana Stock Exchange (GSE) wrapped up the month with a dramatic surge in trading activity, delivering one of the most vibrant sessions recorded in 2025.
The final weekday of the month, which also doubled as the last trading day, witnessed an exceptional spike in market participation, signalling growing investor confidence and a renewed appetite for equities.
The GSE closed the month on a powerful note, with 2,190,754 shares changing hands at a market value of GHS 14,721,607.61. This remarkable performance reflected a sharp increase in activity compared to the previous trading day on Thursday, November 27. According to official data, the market experienced a 165% surge in traded volume and an even more impressive 792% jump in turnover.
Such a significant upswing within just one day underscores the growing momentum on the Exchange. Market watchers attribute the spike to a mix of end-of-month portfolio adjustments, strategic institutional repositioning, and heightened interest in high-performing equities.
The impressive performance pushed the total market capitalisation of the Ghana Stock Exchange to GHS 166.3 billion, reinforcing its position as one of Africa’s most vibrant emerging markets. The strong close also sets the stage for optimistic projections heading into the final month of the year, as Ghana’s capital market continues to show resilience amid global and regional uncertainties.
MTN Ghana Leads the Charge
One of the biggest highlights of the day was the extraordinary performance of MTN Ghana, which dominated the trading session with a staggering 1.62 million shares traded. Its large trade volumes once again demonstrated the company’s influence on market activity, given its strong retail investor base and consistent market liquidity.
Following MTN Ghana was GCB Bank, which recorded 401,468 traded shares, reflecting heightened investor interest in the banking sector. CalBank contributed another 123,152 shares, while Ecobank Transnational Incorporated (ETI) rounded off the top performers with 15,213 shares traded.
These figures collectively drove the session’s high liquidity level, making the final trading day of the month one of the most eventful for investors.
Ecobank Ghana Emerges the Lone Gainer
Among the 17 listed equities that participated in trading, Ecobank Ghana stood out as the only stock to record gains on the day. The bank closed the session with a 4.55% appreciation in its share price, signaling renewed investor confidence in its financial performance and growth prospects.
The banking sector has enjoyed growing attention in recent months due to strong earnings recoveries and improvements in asset quality across several institutions. Ecobank’s performance on the final trading day further highlights the sector’s resilience and potential to drive future market gains.
Market Indices Close Strong
The boost in trading activity mirrored robust movements in the GSE’s key market indices. The GSE Composite Index (GSE-CI) climbed by 25.98 points (0.3%) to close at 8,610.15 points, representing a 1-week gain of 1.05%, a 4-week gain of 2.68%, and a remarkable year-to-date (YTD) surge of 76.13%.
The GSE Financial Stocks Index (GSE-FSI) also recorded impressive growth, gaining 0.82% to reach 4,456.43 points. This translates into a 1-week gain of 2.45%, a 4-week gain of 6.26%, and a substantial YTD rise of 87.18%.
These index movements confirm the Exchange’s strong performance trajectory, driven largely by robust gains in financial stocks and heavyweights such as MTN Ghana.
The final-day rally has reignited optimism among domestic and foreign investors. Analysts suggest that the exceptional liquidity and rising market indices reflect improving macroeconomic conditions and confidence in the country’s fiscal outlook.
Furthermore, institutional investors appear to be rebalancing their portfolios in anticipation of year-end declarations, while retail investors continue to take advantage of rising share prices and dividend prospects.
Outlook: A Promising December Ahead
With the GSE closing the month on such an energetic note, expectations for December remain high. The Exchange’s strong year-to-date performance, combined with increasing turnover and strategic investor moves, sets the tone for a potentially stronger close to the year.
If the momentum continues, 2025 could mark one of the GSE’s most impressive annual performances in recent memory.
The end-month fireworks on the Ghana Stock Exchange have undoubtedly caught the attention of the investment community—both locally and internationally—signalling brighter days ahead for Ghana’s capital market.
