- GSE Composite Index Gains 0.80% As Market Value Rises to GH¢287.12bn
Trading activity on the Ghana Stock Exchange strengthened sharply in the week ended July 10, 2026, as turnover rose by more than half, supported by strong activity in ICT and Food & Beverage stocks.
The GSE Equities Market Weekly Trade Summary for July 6 to July 10 showed that total value traded increased to GH¢67.14 million, up from GH¢43.58 million in the previous week, representing a 54.06% rise. Total volume traded also rose by 48.95% to 20.63 million shares from 13.85 million shares a week earlier.
The improved market activity was accompanied by gains in the main market indices. The GSE Composite Index advanced by 0.80% to close the week at 14,805.95 points, while the GSE Financial Stocks Index rose by 0.40% to 8,240.66 points. Market capitalisation also increased by 0.45% to GH¢287.12 billion, from GH¢285.85 billion in the prior week.
The latest performance reinforces the strong year-to-date showing of the local bourse. The report showed market capitalisation up 66.89% year-to-date, while the GSE Composite Index and GSE Financial Stocks Index have gained 68.82% and 77.33% respectively.
The week’s trading pattern showed a market still heavily driven by a few large counters. The ICT sector led the market by value traded, recording GH¢37.76 million and accounting for 56.24% of total market value. The Food & Beverage sector led by volume, with 10.60 million shares changing hands, representing 51.37% of total market volume.
MTN Ghana was the dominant stock by value traded, with GH¢37.16 million worth of shares exchanged during the week. Kasapreko followed with GH¢17.95 million, while GCB Bank recorded GH¢2.10 million. CAL Bank and Ecobank Ghana completed the top five by value traded, with GH¢1.50 million and GH¢1.07 million respectively.
By volume, Kasapreko led the market with 9.55 million shares traded, ahead of MTN Ghana with 5.77 million shares. CAL Bank recorded 1.91 million shares, while Intravenous Infusions and Hords followed with 1.02 million and 1.01 million shares respectively.
This shows that while MTN Ghana continued to command the largest share of value traded, Kasapreko’s post-listing market activity remained strong, helping to lift overall volumes on the exchange. The split between MTN Ghana by value and Kasapreko by volume also points to different investor interests: one driven by a high-value, liquid blue-chip counter and the other by strong activity in a recently listed consumer stock.
Sectoral performance reflected the same concentration. ICT recorded GH¢37.76 million in value traded, followed by Food & Beverage with GH¢18.40 million and Finance with GH¢7.60 million. Distribution followed with GH¢1.65 million, while Insurance recorded GH¢1.24 million. Manufacturing, Agriculture, Mining and ETF activity remained relatively modest.
The market’s price performance was also broadly positive. Intravenous Infusions emerged as the week’s strongest gainer, rising by 55.56% to close at GH¢0.28 from GH¢0.18. Hords gained 27.27% to close at GH¢0.14, while Cocoa Processing Company advanced by 15.38% to GH¢0.15. Clydestone Ghana rose by 12.58% to GH¢3.49, and Standard Chartered Bank preference shares gained 10.00% to GH¢0.99.
Other gainers included GOIL, which rose by 6.40% to GH¢7.98; GCB Bank, up 3.66% to GH¢42.50; TotalEnergies Marketing Ghana, up 1.67% to GH¢40.26; CAL Bank, up 1.28% to GH¢0.79; MTN Ghana, up 1.09% to GH¢6.49; Ecobank Ghana, up 0.98% to GH¢34.00; ZEN Petroleum Holdings Plc, up 0.09% to GH¢11.00; and Guinness Ghana Breweries, up 0.08% to GH¢11.98.
The losers were relatively few. Republic Bank Ghana fell by 1.75% to close at GH¢3.93, while Ecobank Transnational Incorporated declined by 0.91% to GH¢2.18. SIC Insurance dipped by 0.17% to GH¢6.00, and Standard Chartered Bank Ghana slipped by 0.14% to GH¢70.90.
The average price change for the week stood at 7.83%, suggesting broad upward movement among the stocks that recorded price changes. However, the structure of trading shows that market liquidity remains concentrated in a handful of counters, with MTN Ghana and Kasapreko continuing to shape weekly turnover outcomes.
Daily activity was also uneven. Value traded was strongest on July 9 at GH¢18.30 million, followed by July 8 with GH¢17.68 million and July 6 with GH¢14.97 million. The weakest trading day by value was July 10, when turnover fell to GH¢6.62 million. Volume was highest on July 6 at 4.98 million shares and lowest on July 10 at 3.47 million shares.
Despite the fall in turnover on the final trading day, market capitalisation rose steadily across the week, moving from GH¢286.10 billion on July 6 to GH¢287.12 billion by July 10. That steady rise suggests that price gains in selected counters helped sustain market value even when daily trading activity moderated.
The latest weekly report points to a market still enjoying strong year-to-date momentum, but also one where liquidity depth remains uneven across sectors and counters. The performance of the GSE Composite Index and Financial Stocks Index shows continued investor confidence, yet the dominance of ICT and Food & Beverage in turnover highlights the narrow base of active trading.
For investors, the key question is whether the market’s strong gains can broaden beyond a few liquid names and into deeper participation across financials, manufacturing, agriculture, insurance and mining. A broader spread of activity would make the rally more durable and reduce dependence on a small group of counters to drive weekly turnover.
For now, however, the July 6 to July 10 trading week confirms that investor appetite remains strong, market value continues to rise, and the Ghana Stock Exchange is sustaining one of its strongest runs in recent years.
