- GSE Opens Week With GH¢4.02m Turnover as MTN, ZEN, ETI and Atlantic Lithium Drive Trading
The Ghana Stock Exchange opened the new trading week on a cautious but selective note, recording total turnover of 984,438 shares valued at GH¢4.02 million in the 7208 trading session on Monday, May 11, 2026.
The day’s activity was driven largely by selected liquid counters, with Scancom PLC, MTN Ghana, leading the market in value traded after recording 304,611 shares valued at GH¢2.02 million. MTN Ghana closed higher at GH¢6.64, gaining GH¢0.11 from its previous closing price of GH¢6.53.
Ecobank Transnational Incorporated followed with 251,483 shares traded, valued at GH¢379,576.15, but the counter lost GH¢0.09 to close at GH¢1.51, compared with a previous closing price of GH¢1.60.
Atlantic Lithium Limited also recorded notable activity, with 40,123 shares changing hands for GH¢339,359.20. The stock gained GH¢0.66 to close at GH¢8.46, after opening at GH¢7.80 and touching a last transaction price of GH¢8.50.
The market also saw gains in ZEN Petroleum Holdings PLC, which closed at GH¢7.47, up GH¢0.11 from its previous closing price of GH¢7.36. ZEN traded 27,955 shares valued at GH¢208,853.85.
Despite the gains in MTN Ghana, Atlantic Lithium and ZEN Petroleum, overall sentiment remained mixed as several counters either closed flat or recorded marginal declines.
TotalEnergies Marketing Ghana PLC posted the steepest decline among the more active counters, falling GH¢1.60 to close at GH¢34.89, compared with a previous closing price of GH¢36.49. The stock traded 6,437 shares valued at GH¢224,599.49.
SIC Insurance Company PLC also declined, losing GH¢0.03 to close at GH¢5.98, after trading 17,658 shares valued at GH¢105,557.98. Republic Bank Ghana PLC fell by GH¢0.03 to close at GH¢5.50, with 4,983 shares valued at GH¢27,406.50 changing hands.
Ghana Oil Company PLC eased by GH¢0.01 to close at GH¢7.95, recording 18,225 shares valued at GH¢145,031.48.
Other counters, including GCB Bank, Fan Milk, Benso Oil Palm Plantation, Societe Generale Ghana, Enterprise Group, Guinness Ghana Breweries, Access Bank, Standard Chartered Bank Ghana and Unilever Ghana, closed unchanged.
On the ordinary shares market, total volume stood at 877,356 shares, valued at GH¢3.99 million. Preference shares contributed 336 shares valued at GH¢302.40, while the NewGold ETF recorded 21 units valued at GH¢10,437.21. The Ghana Alternative Market contributed 106,725 shares, driven almost entirely by HORDS PLC, which recorded 106,724 shares valued at GH¢10,672.40.
The opening session suggests that the new week began exactly as expected: cautious, but with selective demand for counters that still carry liquidity and momentum.
MTN Ghana’s rebound from the previous week’s pullback provided some support to market sentiment, while ZEN Petroleum’s continued gain points to sustained investor interest following its recent listing momentum. Atlantic Lithium’s sharp price movement also added a mining-sector signal to the day’s trading pattern.
However, the weakness in ETI, TotalEnergies, SIC, GOIL and Republic Bank shows that investors remain selective, with no broad-based rally yet visible at the start of the week.
The market’s immediate direction will likely depend on whether demand in MTN Ghana, ZEN Petroleum and Atlantic Lithium can offset selling pressure in financial and petroleum-related counters.
