- GSE Closes Higher as Banking Stocks Lift Market and Turnover Reaches GH¢18.75mn
The Ghana Stock Exchange opened the week marginally higher on Monday, September 14, 2026, as advancing stocks outnumbered decliners and gains in selected financial and consumer counters offset losses in GCB Bank, Kasapreko, MTN Ghana and Atlantic Lithium.
The benchmark GSE Composite Index rose 0.07% to close at 14,621.40 points, while the GSE Financial Stocks Index advanced a stronger 0.58% to 7,651.52 points, reflecting gains across parts of the banking segment.
Market breadth was positive, with eight equities advancing against five decliners, although trading activity remained heavily concentrated in a small number of large counters.
ACCESS Bank Ghana led the gainers, surging 10.00% to GH¢24.43 from GH¢22.21. The stock exchanged 2,071 shares valued at GH¢50,594.53 during the session.
Cocoa Processing Company followed with a 9.09% increase to GH¢0.24, while Republic Bank Ghana also gained 9.09%, climbing from GH¢3.85 to GH¢4.20.
Dannex Ayrton Starwin Pharmaceuticals advanced 8.00% to GH¢1.08, extending recent gains in the pharmaceutical counter, while Digicut Production & Advertising rose 6.25% to GH¢0.34 on the Ghana Alternative Market.
Ecobank Transnational Incorporated also closed higher, adding GH¢0.03 to finish at GH¢1.73, equivalent to a gain of about 1.76%, while CAL Bank rose 1.41% to GH¢0.72.
Societe Generale Ghana completed the list of gainers, edging up to GH¢5.60 from GH¢5.59.
The positive market breadth was nevertheless countered by selling pressure in several heavily weighted stocks.
GCB Bank recorded the sharpest decline among the major counters, dropping 4.76% to GH¢40.00 from GH¢42.00.
Despite the price fall, GCB dominated trading value. Investors exchanged 250,324 shares worth GH¢10.02 million, making the bank the single largest contributor to market turnover during Monday’s session.
The size of the GCB transaction meant the stock accounted for approximately 53.41% of the GH¢18.75 million total market value traded, underscoring how a small number of large trades continued to shape overall liquidity.
Kasapreko was another notable decliner, falling 2.69% to GH¢1.81 from GH¢1.86. The beverage company nevertheless attracted substantial activity, with 314,552 shares changing hands for GH¢568,892.11.
Intravenous Infusions declined 1.75% to GH¢0.56, while Atlantic Lithium slipped 0.93% to GH¢5.35.
MTN Ghana, one of the Exchange’s most liquid securities, eased 0.15% to GH¢6.84 from GH¢6.85.
The telecommunications company was the market leader by volume, with 916,562 shares traded for GH¢6.26 million, making it the second-largest contributor to turnover behind GCB Bank.
Together, GCB and MTN Ghana generated approximately GH¢16.28 million, or almost 87% of total traded value, highlighting the continued concentration of liquidity in a relatively narrow group of large-cap stocks.
Fan Milk recorded another sizeable transaction, with 40,269 shares worth GH¢563,766.00 changing hands while its share price remained unchanged at GH¢14.00.
TotalEnergies Marketing Ghana contributed GH¢491,621.80 in turnover from 13,006 shares and closed unchanged at GH¢37.80.
Other counters remained stable despite recording varying levels of activity. Ecobank Ghana finished unchanged at GH¢38.00, Enterprise Group held at GH¢7.00, Guinness Ghana Breweries remained at GH¢10.70 and GOIL closed at GH¢6.36.
Ordinary shares generated GH¢18.61 million from 1.90 million shares, representing the overwhelming majority of market activity.
On the Ghana Alternative Market, 246,436 shares changed hands across Hords, Intravenous Infusions and Digicut. Hords accounted for 60,828 shares worth GH¢40,681.64 and remained unchanged at GH¢0.71, while Intravenous Infusions generated GH¢98,165.00 in turnover.
NewGold recorded just two units worth GH¢924.78 and closed unchanged at GH¢462.39.
Overall, the Exchange recorded 2,144,199 securities valued at GH¢18,752,109.68 during the September 14 session.
Monday’s trading therefore presented a mixed but marginally positive start to the week.
Eight advancing stocks gave the market broader positive breadth, while gains in financial counters supported the GSE-FSI. Yet liquidity remained highly concentrated, with GCB and MTN Ghana accounting for the vast majority of turnover.
The contrast was particularly evident in GCB: the stock generated more than half of the day’s traded value while simultaneously recording the steepest major price decline.
For investors, the session showed that positive market breadth remains capable of supporting the headline indices even when some of the Exchange’s most actively traded counters move lower but the concentration of turnover continues to mean that a handful of large transactions can dominate the market’s daily activity.
