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MTNGH, SOGEGH Lift GSE as Turnover Sinks

2 months ago
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MTNGH, SOGEGH Lift GSE as Turnover Sinks

Gains by MTN Ghana (MTNGH) and Société Générale Ghana (SOGEGH) propelled the Ghana Stock Exchange Composite Index (GSE-CI) to a 54.18-point rise on Tuesday, closing at 6,230.47 points. The year-to-date (YTD) return now stands at 27.45%, marking a continued rebound in equities, despite subdued trading volumes.

The GSE Financial Stock Index (GSE-FSI) also edged higher by 1.61 points to 3,291.93 points, with a stronger YTD return of 38.27%.

MTNGH gained GH¢0.05 to close at GH¢2.99, while SOGEGH advanced GH¢0.02 to settle at GH¢2.00, extending their YTD gains to 19.6% and 33.3% respectively. The only decliner on the day, TotalEnergies Marketing Ghana (TOTAL), shed GH¢0.03 to close at GH¢25.00, though it maintains a robust YTD gain of 90.55%.

Despite the index gains, market turnover plummeted. Total volume traded fell sharply by 92.5% to 254,134 shares, while the value of trades dropped 96.1% to GH¢498,065.94 compared to the previous session. The plunge highlights the ongoing volatility in investor participation amid broader macroeconomic uncertainty.

Market capitalisation rose marginally to GH¢137.0 billion, buoyed by price appreciations in heavyweight counters.

CAL Bank led trading activity, recording 133,468 shares valued at GH¢74,742.08. It was followed by MTNGH with 97,545 shares, SIC Insurance with 16,800, TOTAL with 4,000, and SOGEGH with 1,236 shares.

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In the broader monthly context, the GSE-CI declined by 54.74 points month-on-month in May 2025. However, volumes and turnover climbed 50.97% and 28.81% respectively, suggesting renewed investor interest in select counters. Top monthly gainers included SIC (+44.29%), ACCESS (+22.04%), and Ecobank Ghana (+13.41%), while MTNGH, CAL and GLD all posted declines.

Investors are also eyeing several dividend announcements. Upcoming payments include Unilever Ghana (GHS0.60 per share on June 23), BOPP (GHS0.9085 on July 10), and Fan Milk (GHS0.08 on July 11), among others.

Tags: AccessCALGSEMTNGhSOGEGH Lift GSE as Turnover Sinks

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