- GSE Opens Week With GH¢10.39 Million Turnover as Intravenous Infusions, MTN Lead
The Ghana Stock Exchange opened the week with total turnover of GH¢10.39 million on Monday, May 18, 2026, as trading activity was lifted by heavy volumes in Intravenous Infusions PLC and strong value contribution from MTN Ghana.
According to the Official List for the 7213th trading session, total volume traded stood at 49.03 million shares, with total value traded reaching GH¢10.39 million. The day’s activity was heavily concentrated in Intravenous Infusions PLC, which traded 47.58 million shares valued at GH¢3.81 million on the Ghana Alternative Market. The stock closed at GH¢0.08, gaining GH¢0.01 from its previous closing price of GH¢0.07.
The sheer scale of IIL’s volume meant the GAX-listed counter accounted for about 97% of all shares traded on the day, making it the dominant driver of market volume.
On the main market, MTN Ghana remained the largest contributor by value, with 574,640 shares traded for GH¢3.73 million. The telecoms stock closed unchanged at GH¢6.49, although its last transaction price was GH¢6.50.
Ecobank Transnational Incorporated also posted strong activity, trading 337,619 shares valued at GH¢523,491.14. ETI closed at GH¢1.55, up GH¢0.03 from its previous closing price of GH¢1.52, making it one of the day’s gainers.
Ecobank Ghana PLC recorded turnover of GH¢504,963.99 from 10,371 shares, but the stock declined by GH¢0.16 to close at GH¢48.69.
Other key value contributors included Ghana Oil Company, which traded 40,988 shares worth GH¢325,444.72, and CAL Bank, which traded 414,659 shares valued at GH¢313,048.74. CAL closed down GH¢0.01 at GH¢0.76.
TotalEnergies Marketing Ghana also saw notable activity, with 9,364 shares valued at GH¢308,287.00 changing hands. The stock declined by GH¢0.09 to close at GH¢32.91.
Market breadth was mixed, with three gainers and six decliners. The gainers were led by Societe Generale Ghana, which rose GH¢0.10 to close at GH¢6.56. ETI followed with a GH¢0.03 gain to close at GH¢1.55, while Intravenous Infusions gained GH¢0.01 to close at GH¢0.08.
The decliners were led by Enterprise Group, which fell GH¢0.44 to GH¢10.20. Ecobank Ghana lost GH¢0.16 to close at GH¢48.69, while Republic Bank Ghana declined GH¢0.10 to GH¢5.40.
Other laggards included TotalEnergies Marketing Ghana, down GH¢0.09 to GH¢32.91, SIC Insurance, down GH¢0.08 to GH¢5.69, and CAL Bank, down GH¢0.01 to GH¢0.76. The ordinary shares segment recorded a subtotal of 1.46 million shares valued at GH¢6.58 million, while NewGold traded only six units valued at GH¢2,982.00, closing unchanged at GH¢497.00.
The trading pattern suggests that while headline market volume was exceptionally high, much of the session’s activity was concentrated in a single GAX counter. Excluding Intravenous Infusions, market activity would have been far more modest, with MTN Ghana, ETI, Ecobank Ghana, GOIL, CAL Bank and TotalEnergies providing the main liquidity on the regular equities board.
The session also showed continued investor selectivity. MTN Ghana remained a key liquidity anchor, while banking and insurance counters recorded mixed price movements. ETI gained, but Ecobank Ghana, CAL Bank, Republic Bank Ghana and SIC Insurance declined, suggesting uneven sentiment across financial stocks.
For the next trading session this morning, investor attention will likely remain on whether the heavy trading in Intravenous Infusions continues, whether MTN Ghana can regain upward momentum, and whether financial stocks stabilise after Monday’s mixed performance.
