GSE Closes Marginally Higher Amid Declines in Financial Stocks and Market Capitalisation
The Ghana Stock Exchange (GSE) recorded a marginal gain at the close of trading on March 18, 2026, despite declines in the financial stocks index and overall market capitalisation.
Data from SIC Brokerage show that the GSE Composite Index (GSE-CI) advanced by 40.66 points to close at 15,908.77, translating into a year-to-date (YTD) return of 81.39%. In contrast, the GSE Financial Stocks Index (GSE-FSI) declined by 212.65 points to settle at 10,235.57, with a YTD return of 120.25%.
The market’s mixed performance was underpinned by strong investor activity across selected counters, even as losses were recorded in several financial and non-financial equities.
Market capitalisation declined marginally to GH¢300.73 billion from GH¢301.86 billion in the previous session.
Trading activity, however, saw a significant uptick, with total volume traded rising sharply by 366.27% to 6.43 million shares. Correspondingly, the total value of trades surged by 814.20% to GH¢39.93 million.
On the equities market, BOPP and RBGH emerged as the top gainers, appreciating by GH¢6.09 and GH¢0.27 to close at GH¢92.09 and GH¢4.96 respectively. GOIL and MTNGH also recorded gains.
On the flip side, GCB and SOGEGH led the laggards, shedding GH¢1.61 and GH¢1.07 to close at GH¢50.39 and GH¢9.69 respectively. Other decliners included CAL, EGL, ETI, FML, GGBL, SIC and TOTAL.
MTNGH dominated trading activity, accounting for the bulk of market turnover with shares valued at GH¢34.08 million, representing a significant portion of total trades.
Analysts note that sustained investor interest and improved trading volumes continue to support the market’s upward trajectory, although intermittent declines across key counters signal underlying volatility.
Meanwhile, some upcoming dividend payments include AngloGold Ashanti (AGA), which is expected to pay a dividend of $1.73 per share on March 27, 2026, and MTNGH, which will pay GH¢0.40 per share on April 10, 2026.
