Financial Stocks Lift GSE as Broader Market Declines
The Ghana Stock Exchange (GSE) closed the trading week ending Friday, October 24, 2025, on a mixed note, as gains in financial stocks provided partial support against broader market weakness.
The benchmark GSE Composite Index (GSE-CI) shed 1.52 percent to close at 8,367.12 points, trimming its year-to-date (YTD) gain to 71.32 percent. Conversely, the GSE Financial Stock Index (GSE-FSI) advanced 0.85 percent to 4,098.11 points, buoyed by solid price appreciation in key banking counters such as GCB Bank, Société Générale Ghana (SOGEGH), and NewGold ETF (GLD).
Market capitalization declined by GH¢1.56 billion to GH¢166.52 billion, reflecting a general retreat in share prices across several blue-chip stocks.
Market activity was weaker compared to the previous week, with a total of 5.15 million shares valued at GH¢12.79 million traded — a sharp decline from 6.66 million shares worth GH¢25.79 million the week before.
Top-performing equities for the week included Fan Milk Limited (FML) which gained GH¢0.50 to close at GH¢8.00, Société Générale Ghana (SOGEGH) up GH¢0.48 to GH¢2.80, and GCB Bank rising GH¢0.08 to GH¢15.64. Other notable gainers were GOIL (GH¢2.51), CLYD (GH¢0.22), and the gold ETF (GLD), which surged GH¢10.72 to GH¢459.28.
However, losses in MTN Ghana (-GH¢0.15 to GH¢4.25), Mechanical Lloyd (-GH¢0.18 to GH¢5.20), and CalBank (-GH¢0.05 to GH¢0.85) weighed on overall market sentiment.
Comparatively, Ghana’s stock market remains one of Africa’s best performers in 2025, with its 71.16 percent YTD gain outperforming markets in Nigeria (51.22%), Kenya (45.62%), and South Africa (31.33%).
On the currency market, the Ghana cedi appreciated against all major trading currencies, closing at GH¢10.85 to the US dollar, GH¢14.42 to the British pound, and GH¢12.61 to the euro.
In the commodities market, Brent crude oil fell by 11.14 percent to US$66.45 per barrel, while gold declined marginally to US$4,134.66 per ounce. Cocoa traded lower at US$6,252.64 per metric tonne, representing a 42.57 percent drop year-to-date.
