Financial Stocks Post Gains as GSE Ends Mixed Trading Session
The Ghana Stock Exchange (GSE) closed trading on a mixed note on Wednesday, as losses in the broader market weighed on the benchmark index despite gains recorded by financial stocks.
Official market data showed that the GSE Composite Index slipped by 168.89 points to close at 14,352.08, down from Tuesday’s close of 14,520.97. However, the GSE Financial Stocks Index posted a gain of 31.32 points to finish at 8,049.64, reflecting stronger performance among some banking and financial equities.
Market capitalisation also edged lower, declining slightly to GHS264.55 billion from the previous session’s GHS264.95 billion.
Trading activity remained moderate, with investors exchanging a total of 1,065,672 shares valued at GHS5.79 million.
MTN Ghana, listed on the exchange as Scancom PLC (MTNGH), dominated trading activity for the session. The telecom giant recorded 788,826 shares traded, accounting for the largest portion of the market’s total volume. Despite the strong investor activity, the stock price fell by GHS0.19 to close at GHS6.52 from its previous close of GHS6.71. The stock’s closing bid price stood at GHS6.50, while the offer price was GHS6.71.
Ecobank Transnational Incorporated (ETI) was among the day’s strongest performers. The stock gained GHS0.11 to close at GHS1.48 after 81,780 shares were traded. During the session, ETI reached an intraday high of GHS1.50, highlighting renewed investor interest in the banking stock.
Cal Bank PLC also recorded significant trading activity, particularly among financial stocks, with 171,434 shares changing hands. The stock ended the session unchanged at GHS0.80, although it touched an intraday low of GHS0.79.
Access Bank Ghana PLC recorded a sharp decline in price. The stock fell by GHS3.00 to close at GHS27.60 after 759 shares were traded, down from its previous close of GHS30.60.
Meanwhile, GCB Bank PLC remained unchanged at GHS36.00 with 4,438 shares traded during the session.
In the energy sector, Ghana Oil Company (GOIL) slipped marginally by GHS0.01 to close at GHS7.94 after trading 7,726 shares. TotalEnergies Marketing Ghana PLC maintained its previous price of GHS34.89 with 1,234 shares traded, while Unilever Ghana PLC also closed flat at GHS30.00 on a volume of 390 shares.
On the Ghana Alternative Market (GAX), trading activity remained quiet, with no trades recorded across listed counters. Companies including Samba Foods, Meridian Marshalls, Hords, Intravenous Infusions, and Digicut all posted zero trading volumes and values for the day.
Overall, Wednesday’s session reflected cautious investor sentiment, with gains in selected financial stocks unable to offset losses in the broader market.