Equity Turnover on Ghana Stock Exchange Jumps Over 5,800% Amid Robust Trading
Ghana’s stock market extended its bullish run in the week ending July 3, 2025, with the benchmark Ghana Stock Exchange Composite Index (GSE-CI) climbing 1.58% to close at 6,347.47 points, bolstered by gains in heavyweight stocks and a sharp surge in market turnover.
The GSE-CI’s year-to-date return now stands at 29.84%, underscoring strong investor appetite. The Financial Stock Index (GSE-FSI) also posted a positive performance, rising 0.87% to 3,405.34 points, translating into a robust 43.03% return since the beginning of the year.
Market capitalization increased to GHS 138.55 billion, reflecting renewed investor confidence, while total volume traded soared to 255.38 million shares, a staggering 4,314% increase from the previous week. Correspondingly, market turnover surged to GHS 1.3 billion, up by an extraordinary 5,860%.
Total Petroleum Ghana led the week’s gainers, rising GHS 2.75 to close at GHS 30.25, registering a remarkable year-to-date appreciation of 130.56%. Access Bank and Gold ETF (GLD) followed, closing at GHS 14.95 and GHS 354.80 respectively. GCB Bank was the sole decliner, slipping 1% to GHS 9.90.
The liquidity spike was driven largely by Guinness Ghana Breweries (GGBL), which dominated trading with over 247 million shares valued at approximately GHS 1.27 billion. MTN Ghana, Enterprise Group, Fan Milk, and Ecobank Transnational rounded out the top five most traded equities.
Comparatively, Ghana’s equities market remain among the top-performing markets in Africa, outpacing Botswana, Egypt, Nigeria, and South Africa indices, though closely matched by Kenya’s NSE, which has returned 29.68% year-to-date.
