Financial Stocks Propel GSE Rally as Bourse Outperforms Regional Peers with 27.82% YTD Return on GSE-CI
Ghana’s equity market extended its bullish trajectory in the week ending June 27, 2025, buoyed largely by gains in financial stocks. The benchmark Ghana Stock Exchange Composite Index (GSE-CI) advanced by 0.62% to close at 6,248.48 points, marking a year-to-date (YTD) return of 27.82%. The Financial Stock Index (GSE-FSI) also rose, gaining 1.58% to 3,376.01 points, lifting its YTD performance to a robust 41.80%.
The uptick in both indices was supported by renewed investor interest in key financial counters. Ecobank Ghana (EGH) rose by GH¢1.09 to close at GH¢8.70, while Standard Chartered Bank (SCB) added GH¢0.88 to end the week at GH¢27.88. Market heavyweight GCB Bank gained GH¢0.67 to GH¢10.00, while Société Générale Ghana and SIC Insurance rose marginally to GHS 2.06 and GHS 1.14, respectively.
Market capitalisation increased to GH¢137.30 billion, up from GH¢136.84 billion in the prior week. Despite this, overall trading volume declined slightly by 2.01% to 5.79 million shares, while trade turnover improved significantly, climbing 21.61% to GH¢21.81 million.
Total Petroleum Tops Gainers; GLD Declines
Total Petroleum Ghana emerged as the week’s best performer, rallying by GH¢2.50 to GH¢27.50, translating to a stellar YTD return of 109.60%. Conversely, GLD recorded the steepest weekly loss, falling by GH¢5 to GH¢353.88, a 9.38% YTD decline as global gold prices dipped.
Among the decliners were MTN Ghana (-0.02), Fan Milk Limited (-0.05), and Enterprise Group Limited (-0.01). MTN Ghana, despite the slight price decline, led trading activity, accounting for 82% of total weekly volume with 4.73 million shares changing hands, valued at GH¢13.93 million.
Equity Market Outlook and Regional Comparison
Ghana’s equity market remains one of the top-performing bourses in Africa this year, with its 27.82% YTD return outpacing Nigeria (16.58%), South Africa (13.99%), Egypt (10.97%) and Kenya (23.46%). Only Botswana and WAEMU markets posted lower returns at 3.33% and 12.27%, respectively.
The GSE’s strong showing reflects a combination of stable corporate earnings and investor rotation into undervalued financial and energy stocks.
