Equity Market: YTD Market Volume Down 74%, But GSE Indices Maintain Upward Momentum
Trading activity on the Ghana Stock Exchange (GSE) slowed in June 2025, with total market volume reaching 32,179,222 shares valued at GHS 128.29 million. This represents a 19.04% decline in volume and a significant 45.83% drop in value compared to June 2024.
Year-to-date (YTD), the market has seen a total of 150,930,767 shares traded, amounting to GHS 932.99 million. The figures reflect a steep 74.18% decline in volume and a 5.23% reduction in value relative to the corresponding period last year, underscoring a general lull in equity market participation.
However, in contrast to declining volumes, the GSE Composite Index (GSE-CI) advanced by 1.60% in June to close the month at 6,248.48 points, extending its YTD gain to 27.82%. The GSE Financial Stock Index (GSE-FSI) also gained 4.94% to settle at 3,376.01 points, translating into a robust YTD return of 41.80%.
GCB Bank PLC led the list of top gainers with a 24.53% increase in its share price. Other major advancers included Access Bank Ghana PLC (22.19%), Société Generale Ghana PLC (14.44%), Ecobank Ghana PLC (14.32%), SIC Insurance Company PLC (12.87%), Ghana Oil Company PLC (11.11%), TotalEnergies Marketing Ghana PLC (10.35%), Benso Palm Plantation PLC (10.06%) and Standard Chartered Bank Ghana PLC (6.41%).
On the losing end, NewGold dipped marginally by 0.48%, while Scancom PLC (MTN Ghana) declined by 1.68%. Ecobank Transnational Inc. and Cal Bank PLC also recorded losses of 4.49% and 5.17%, respectively.
Market watchers say the positive performance of the benchmark indices, despite falling volumes, suggests strong investor sentiment towards select blue-chip stocks, particularly in the banking and energy sectors.
