- GCB and MTN power GSE turnover above GH¢25m as ZEN makes market debut
The Ghana Stock Exchange closed Wednesday’s session with a total turnover of GH¢25.29 million on a traded volume of 2.29 million shares, as strong activity in GCB Bank, MTN Ghana, and Ecobank Transnational kept liquidity concentrated in a small group of influential counters.
GCB Bank overwhelmingly led the session, surging GH¢3.84 to close at GH¢42.27. The stock also dominated traded value, with 401,785 shares exchanged for GH¢16.98 million, making it by far the market’s biggest turnover driver on the day.
MTN Ghana remained the second major liquidity anchor, with 764,077 shares traded worth GH¢4.99 million. The telecoms stock closed at GH¢6.52, up GH¢0.24, reinforcing its role as one of the exchange’s most actively traded and closely watched names.
The third-largest value contributor was Ecobank Transnational, which recorded 716,684 shares traded for GH¢1.61 million. But unlike GCB and MTN Ghana, ETI ended weaker, falling GH¢0.08 to close at GH¢2.24.
Wednesday’s session also marked the market debut of ZEN Petroleum Holdings Plc, which opened at GH¢5.00, traded as high as GH¢5.10 in the last transaction, and closed at GH¢5.05, representing a GH¢0.05 gain on the day. Only 2,000 shares were traded, with a value of GH¢10,100, suggesting a calm rather than aggressive first day on the exchange.
Beyond the headline turnover, the market’s gains were concentrated in a small number of stocks. SIC Insurance rose GH¢0.23 to GH¢4.81, GOIL gained GH¢0.04 to GH¢7.99, and CAL Bank edged up GH¢0.01 to GH¢0.90.
On the losing side, Benso Palm Plantation fell sharply by GH¢4.13 to close at GH¢85.86, making it the session’s steepest decliner. Fan Milk slipped GH¢0.05 to GH¢12.50, while TotalEnergies Marketing Ghana eased by GH¢0.02 to GH¢34.55.
Several heavy-priced counters were unchanged, including Access Bank Ghana at GH¢30.65, Ecobank Ghana at GH¢48.90, Standard Chartered Bank Ghana at GH¢71.38, and Unilever Ghana at GH¢28.46.
What the session shows, once again, is that the GSE remains a market driven more by a few dominant names than by broad-based participation. GCB alone accounted for the bulk of value traded, while MTN Ghana and ETI added most of the rest. That leaves the market looking strong in turnover terms, but still narrow in depth.
Even so, the entry of ZEN Petroleum adds a fresh equity story to a market still heavily concentrated in banks and telecoms. Whether that new listing develops meaningful liquidity over time will be one of the quieter questions beneath the day’s bigger headline: that for now, the GSE’s momentum still rests firmly on a handful of heavyweight counters.
