- GSE Heads into Monday Trading on a Firmer Footing after MTN-led Rally Lifts Friday Turnover
The Ghana Stock Exchange enters today’s Monday trading session with improved momentum after a strong close on Friday, when turnover surged and a rally in MTN Ghana and select financial stocks lifted sentiment across the market.
Friday’s session ended with total market turnover of GH¢15.83 million on traded volume of 3.22 million shares, a marked jump from the previous day and a sign that investor interest remains concentrated but active in the market’s more liquid counters. For the start of the new week, that leaves the exchange looking relatively firm, even if activity is still being driven by a narrow band of stocks.
The clearest signal for Monday’s opening comes from MTN Ghana, which closed Friday at GH¢6.10, up GH¢0.17, after recording by far the heaviest activity on the market. The telecoms stock traded 2,229,587 shares worth GH¢13.6mn, making it the dominant force behind overall exchange turnover. That kind of close usually leaves the market entering the next session with a supportive undertone, particularly when the most liquid stock on the board is doing the heavy lifting.
Banking and financial counters also gave the market a constructive finish to the week. CAL Bank rose to GH¢0.86 from GH¢0.79, with 871,786 shares traded, while GCB Bank climbed sharply to GH¢31.77 from GH¢28.89. Republic Bank Ghana advanced to GH¢4.72, SIC Insurance to GH¢4.46, and Société Générale Ghana to GH¢5.65. The breadth of gains among financial names suggests that Friday’s strength was not limited to a single counter, even if MTN remained the focal point.
That said, Monday’s open is not without caution signals. Access Bank Ghana closed weaker at GH¢30.65, down GH¢3.38, while TotalEnergies Marketing Ghana slipped to GH¢38.28 and Enterprise Group edged down to GH¢11.30. Those declines show that while the headline market tone improved, selling pressure has not fully disappeared from some higher-priced counters.
The broader reading for Monday is therefore one of selective strength rather than broad-based exuberance. The exchange appears to be entering the week in a healthier position than it was earlier, supported by stronger liquidity, firmer bank stocks and renewed appetite for MTN Ghana. But it also remains a market where overall direction is still heavily dependent on a few dominant names.
If Friday’s close is any guide, Monday’s opening should reflect cautious confidence. The GSE is not yet showing a fully broad-based rally, but it is showing signs of resilience, and for now, that resilience is being built on the back of telecoms and financial stocks that continue to attract the most serious investor attention.
