- Clydestone Rallies 3.56% as Mobile Money Lawsuit Draws Investor Attention
Turnover on the Ghana Stock Exchange climbed to GH¢121.57 million on Wednesday as a large block of MTN Ghana shares dominated trading and selective gains in Clydestone, Intravenous Infusions and CalBank supported market activity.
A total of 18,390,399 shares changed hands during the July 29, 2026 session, with MTN Ghana alone accounting for 16,774,652 shares valued at GH¢118.43 million.
The telecommunications company represented 91.21% of total market volume and 97.42% of the value traded, leaving activity in the remaining listed securities relatively thin.
MTN Ghana closed unchanged at GH¢7.06 after opening and trading throughout the session at the same price. The company ended with an outstanding offer at GH¢7.10, compared with a closing bid of GH¢7.06.
The concentration of turnover in MTN Ghana underlines the stock’s role as the principal source of liquidity on the exchange. While the headline value suggested a highly active session, less than GH¢3.14 million was traded across all other equities, exchange-traded funds and Ghana Alternative Market securities combined.
Clydestone Ghana was among the strongest performers, gaining GH¢0.16, or 3.56%, to close at GH¢4.66 from GH¢4.50.
The closing price matched the technology company’s 2026 high and followed its announcement that it had commenced High Court proceedings against MTN Ghana, MTN Group Limited and MobileMoney Fintech Limited over the alleged unauthorised use of proprietary intellectual property linked to mobile money.
Clydestone recorded 7,024 shares valued at GH¢33,154.60. The relatively modest turnover indicates that the price movement was generated within a thinly traded market, where limited buying interest can produce a sizeable percentage change.
Intravenous Infusions recorded the largest percentage gain among actively traded securities, rising by GH¢0.07, or 8.86%, to GH¢0.86.
The stock also attracted substantial volume, with 631,160 shares worth GH¢542,797.60 changing hands. Its closing price equalled its year high, compared with a 2026 low of GH¢0.05.
Hords advanced by GH¢0.03, or 10.00%, to GH¢0.33, although turnover remained limited to 2,000 shares valued at GH¢660.00.
CalBank gained GH¢0.02 to close at GH¢0.80, representing a 2.56% increase. The lender recorded turnover of 158,216 shares valued at GH¢125,827.29.
Republic Bank Ghana also added GH¢0.02 to close at GH¢4.20, while Enterprise Group rose by GH¢0.01 to GH¢10.04.
The gains were partly offset by declines in Kasapreko and Ecobank Transnational Incorporated.
Kasapreko slipped by GH¢0.01 to close at GH¢2.00 but remained the second-largest stock by value traded, generating GH¢1.40 million from 694,149 shares.
ETI also declined by GH¢0.01 to GH¢1.95, recording turnover of 77,249 shares valued at GH¢151,102.56.
GCB Bank ranked among the session’s leading securities by value, with 10,200 shares changing hands at an unchanged GH¢43.20 for turnover of GH¢440,640.00.
Ecobank Ghana recorded GH¢197,964.00 from 5,076 shares and closed unchanged at GH¢39.00, while GOIL generated GH¢64,651.12 from 8,122 shares at GH¢7.96.
Several higher-priced securities, including Benso Oil Palm Plantation, Standard Chartered Bank Ghana and TotalEnergies Marketing Ghana, saw only limited trading.
NewGold, the exchange-traded fund tracking gold prices, recorded three units valued at GH¢1,387.17 and closed unchanged at GH¢462.39.
The session presented a market with selective price gains but extreme turnover concentration.
Clydestone’s rise to its yearly high reflected heightened attention around its legal action, while Intravenous Infusions and Hords produced stronger percentage advances. However, MTN Ghana remained overwhelmingly responsible for market liquidity.
Wednesday’s GH¢121.57 million turnover therefore signals strong activity in one highly liquid counter rather than broad-based participation across the exchange.
