- GSE Composite Index Rises 1.73% as Last Week’s Turnover Hits GH¢86.54 Million
The Ghana Stock Exchange ended the shortened trading week to April 30, 2026, on a stronger note, with the Composite Index rising 1.73% despite a decline in both trading volume and turnover value.
The GSE Composite Index closed the week at 15,130.52 points, up from 14,873.11 points in the previous week, lifting its year-to-date return to 63.82%. The GSE Financial Stocks Index, however, slipped marginally by 0.0185% to 8,839.41 points, although its year-to-date return remained strong at 72.52%.
Market capitalisation increased by 1.02% to GH¢281.84 billion, from GH¢278.98 billion the previous week, reflecting gains in selected large-cap counters.
Total shares traded fell by 15.11% to 11.51 million, from 13.55 million in the prior week. In comparison to the previous GH¢87.33 million, market turnover also eased by 0.90%, reaching GH¢86.54 million.
The information and communication technology sector accounted for 7.57 million shares valued at GH¢50.13 million, heavily concentrating the week’s trading activity. This represented 65.78% of total volume traded and 57.93% of total market value.
MTN Ghana was the dominant stock for the week, leading both the value and volume charts. The telecoms counter recorded 7.54 million shares valued at GH¢50.09 million, far ahead of other listed equities.
GCB Bank followed in value terms with GH¢22.04 million, while ZEN Petroleum recorded GH¢3.51 million. SIC Insurance and Societe Generale Ghana completed the top five value traded counters with GH¢2.20 million and GH¢1.47 million, respectively.
In volume terms, Cal Bank ranked second behind MTN Ghana with 1.19 million shares traded. ZEN Petroleum followed with 625,428 shares, while GCB Bank and Ecobank Transnational Incorporated recorded 529,420 shares and 486,094 shares, respectively.
Sector performance by value showed finance stocks contributing GH¢29.94 million, followed by insurance with GH¢2.44 million, distribution with GH¢1.66 million, exchange traded funds with GH¢800,679, mining with GH¢663,413, food and beverage with GH¢552,356, agriculture with GH¢215,871, and manufacturing with GH¢138,959.
Price movements were broadly positive, with the average price change for the week at 1.88%.
ZEN Petroleum led the gainers, rising 12.66% to close at GH¢6.14, from GH¢5.45. Clydestone followed with an 11.11% gain to GH¢1.60, while Atlantic Lithium advanced 8.33% to GH¢7.80. Unilever Ghana rose 5.41% to GH¢30.00, and SIC Insurance gained 5.02% to close at GH¢5.65.
Other gainers included Agricultural Development Bank, which rose 4.74%, MTN Ghana with a 3.50% gain, Cal Bank with 1.12%, Benso Palm Plantation with 0.59%, and Societe Generale Ghana with 0.16%.
On the losing side, Fan Milk recorded the steepest weekly decline, falling 5.74% to GH¢11.50, from GH¢12.20. GCB Bank declined 2.28%, Guinness Ghana Breweries lost 2.03%, Ecobank Transnational Incorporated fell 1.36%, while TotalEnergies Marketing Ghana slipped 0.90%.
Despite GCB Bank’s price decline, the strong value traded by the bank helped support overall market turnover. The same pattern was visible in MTN Ghana, where large volumes and price gains helped anchor the week’s market performance.
Daily trading data showed the strongest turnover value on April 30, when the market recorded GH¢41.51 million in trades from 4.01 million shares. April 27 also saw robust activity, with GH¢34.42 million traded from 5.48 million shares. Trading was much thinner on April 28 and April 29, with values of GH¢5.47 million and GH¢5.14 million, respectively.
The weekly performance suggests that investor activity remains selective, with liquidity concentrated in a few counters, particularly MTN Ghana and GCB Bank. While the Composite Index continues to post strong gains, the marginal decline in the Financial Stocks Index points to mixed sentiment across banking and financial counters.
