GSE Posts Strong October Performance as Investor Confidence Strengthens
The equity market closed October 2025 on a firm footing, with sustained investor confidence driving significant gains across major indices, the latest GSE Summary of Market Activities report has shown.
According to the report, market activity remained vibrant throughout the month, helping the GSE Composite Index (GSE-CI) record a 2.66% gain, closing at 8,385.35 points. This pushed the index’s year-to-date return to 71.53%, underscoring one of its strongest performances in recent years.
The GSE Financial Stock Index (GSE-FSI) also extended its upward momentum, advancing 10.39% to end the month at 4,193.90 points, with a year-to-date gain of 76.16%. The performance reflects renewed interest in financial-sector counters following improved earnings guidance and stronger capital positions.
Top Gainers
Several stocks delivered exceptional returns in October, with Clydestone (Ghana) PLC emerging as the biggest gainer:
Clydestone (Ghana) PLC – 64.71%
Société Générale Ghana PLC – 63.94%
Fan Milk PLC – 49.53%
Cocoa Processing Company PLC – 33.33%
Ecobank Ghana PLC – 28.67%
Guinness Ghana Breweries PLC – 20.66%
GCB Bank PLC – 20.35%
SIC Insurance Company PLC – 14.29%
Ghana Oil Company PLC – 9.66%
TotalEnergies Marketing Ghana PLC – 9.46%
Ecobank Transnational Inc. – 8.79%
Enterprise Group PLC – 7.81%
Republic Bank (Ghana) PLC – 5.04%
Standard Chartered Bank Ghana PLC – 3.89%
Benso Oil Palm Plantation PLC – 3.15%
Top Losers
A number of equities also recorded declines during the month:
CalBank PLC – (-23.44%)
NewGold – (-6.48%)
Scancom PLC (MTN Ghana) – (-3.45%)
Mega African Capital PLC – (-3.35%)
Unilever Ghana PLC – (-1.00%)
Access Bank Ghana PLC – (-0.86%)
The report indicates that the strong market performance reflects improved liquidity conditions, solid corporate earnings, and renewed investor appetite for both financial and consumer-sector stocks. Analysts expect trading activity to remain upbeat into the final months of the year, barring sharp macroeconomic shocks or sudden volatility in global markets.
