- GSE Activity Rises 57.37% as Investors Trade 2.78 million Shares
The Ghana Stock Exchange recorded improved trading activity on Friday, July 17, 2026, with total value traded rising to GH¢15.57 million as MTNGH dominated turnover despite closing marginally lower.
Total volume traded stood at 2,782,366 shares, valued at GH¢15,565,200.04. Compared with the previous session’s 2,388,013 shares worth GH¢9,891,104.42, market volume increased by 16.51%, while value traded rose by 57.37%.
Ordinary shares accounted for the bulk of activity, with 2,620,967 shares valued at GH¢14,947,242.61. This represented 94.20% of total market volume and 96.03% of total value traded, confirming that activity remained concentrated in the main market counters.
MTNGH was the dominant stock of the session, with 1,466,436 shares traded for GH¢9,635,726.94. The telecoms counter alone accounted for 52.70% of total market volume and 61.90% of total value traded, making it the principal driver of market activity.
Despite the heavy trading, MTNGH closed lower at GH¢6.57, down GH¢0.02 from its previous VWAP of GH¢6.59, representing a decline of 0.30%. The stock opened at GH¢6.59 and last traded at GH¢6.57, suggesting mild selling pressure during the session.
Kasapreko PLC followed as the second most active counter by value and volume, with 671,057 shares traded for GH¢1,343,523.48. The stock closed unchanged at GH¢2.00, after also opening at GH¢2.00. KASA accounted for 24.12% of total volume and 8.63% of total market value.
GOIL placed third by value traded, recording 109,030 shares worth GH¢870,059.40 and closing unchanged at GH¢7.98. GCB Bank followed with 19,672 shares valued at GH¢841,469.73, closing marginally higher at GH¢42.78, up GH¢0.01.
Standard Chartered Bank Ghana also recorded strong value traded, with 11,731 shares worth GH¢821,437.00. The stock closed at GH¢70.02, down GH¢0.08, representing a 0.11% decline.
The NewGold exchange-traded fund contributed 1,192 units valued at GH¢551,168.88, closing unchanged at GH¢462.39. Its contribution represented 3.54% of total market value.
Ecobank Ghana traded 10,077 shares valued at GH¢372,948.00 and closed unchanged at GH¢37.00, while Benso Oil Palm Plantation traded 2,534 shares worth GH¢202,720.00 and remained flat at GH¢80.00. CalBank recorded 232,982 shares valued at GH¢185,819.46, also closing unchanged at GH¢0.80.
Clydestone led the gainers, rising by GH¢0.30 to close at GH¢4.00, representing a gain of 8.11%. Intravenous Infusions followed with a 7.69% gain after adding GH¢0.03 to close at GH¢0.42.
Hords also advanced, gaining GH¢0.01 to close at GH¢0.18, equivalent to 5.88%. Ecobank Transnational Incorporated recovered from the previous session’s decline, gaining GH¢0.11 to close at GH¢2.07, representing a rise of 5.61%.
GCB Bank posted a marginal gain of 0.02%, closing at GH¢42.78 from a previous VWAP of GH¢42.77.
On the downside, Guinness Ghana Breweries fell by GH¢0.03 to close at GH¢11.95, a decline of 0.25%. MTNGH declined by 0.30%, while Standard Chartered Bank Ghana eased by 0.11%.
The Ghana Alternative Market recorded 160,207 shares valued at GH¢66,788.55. Activity was driven largely by Intravenous Infusions, which traded 158,133 shares valued at GH¢66,415.86. Hords recorded 2,065 shares worth GH¢371.70, while Meridian Marshalls traded nine shares valued at GH¢0.99.
ZEN Petroleum Holdings Plc traded 10,415 shares valued at GH¢114,565.00 and closed unchanged at GH¢11.00.
Several counters recorded no trades during the session, including Access Bank Ghana, AngloGold Ashanti, Aluworks, Camelot, Cocoa Processing Company, Dannex Ayrton Starwin, First Atlantic Bank, Mega African Capital, PBC, Trust Bank Gambia, Samba Foods and Digicut.
Friday’s session showed improved market activity after the previous day’s softer turnover, but liquidity remained highly concentrated. MTNGH and Kasapreko together accounted for 76.82% of total volume and 70.53% of total value traded.
The key signal from the market is that investor participation remains selective. MTNGH continues to anchor liquidity on the exchange, while activity in several counters remains thin or absent.
The session also showed mixed price sentiment. Gainers outnumbered decliners, but the decline in MTNGH, the day’s most heavily traded counter, limited the strength of the broader market tone.
For investors, the immediate focus will remain on whether liquidity can broaden beyond a few dominant counters and whether recent gains in smaller stocks such as Clydestone, Intravenous Infusions and Hords can be sustained.
