GSE Market Activity Surges with Over 587% Jump in Transactions Year-on-Year
The Ghana Stock Exchange (GSE) recorded a strong performance in April 2025, with significant gains across its benchmark indices and a surge in investor activity, reflecting renewed confidence in the local equities market.
According to the GSE’s April 2025 Summary of Market Activities report, the GSE Composite Index (GSE-CI) posted an impressive year-to-date (YTD) return of 24.69%, while the Financial Stock Index (FSI) advanced by 30.72%. The bullish performance, the Exchange noted, was driven by continued investor interest and a rebound in financial stocks.
The number of transactions recorded on the bourse soared by 587.19% compared to April 2024, indicating heightened trading activity and improving market sentiment. Despite the surge in transactions, the month’s total traded volume declined by 34.58% year-on-year (YoY) to 22.88 million shares. However, market value recorded a modest increase of 7.81% YoY to GHS 144.90 billion.
On a cumulative basis, the market recorded a YTD traded volume of 84.22 million shares valued at GHS 618.06 million. This represents a sharp 70.88% drop in volume and a 23.52% rise in value compared to the same period last year—suggesting a shift towards higher-value equity transactions.
Top gainers for the month under review included SIC Insurance Company PLC, which led the pack with a 42.86% price appreciation. It was followed by Clydestone Ghana PLC (33.33%), Societe Generale Ghana PLC (10.00%), and Benso Palm Plantation PLC (9.98%). Other notable gainers included Trust Bank Gambia Ltd (9.64%), Ghana Oil Company PLC (8.64%), and GCB Bank PLC (4.96%).
Additional price appreciations were recorded in Enterprise Group PLC (4.31%), Ecobank Transnational Inc. (3.53%), Guinness Ghana Breweries PLC (3.20%), Fan Milk PLC (2.70%), TotalEnergies Marketing Ghana PLC (1.79%), Ecobank Ghana PLC (1.51%), Standard Chartered Bank Ghana PLC (0.77%), and Access Bank Ghana PLC (0.55%).
Meanwhile, Cal Bank PLC emerged as the biggest loser for the month, shedding 13.33% of its value. It was trailed by Scancom PLC (MTN Ghana) with a 5.43% decline and NewGold, which fell by 1.65%.
The overall market performance for April signals a continued resurgence of investor appetite for equities, particularly in the financial and consumer sectors. The sustained upward trend in value despite declining volumes also highlights growing interest in quality and fundamentally strong stocks.
