GSE Rallies as Composite Index Hits 8,120 Points; YTD Return Climbs to 66.1%
The Ghana Stock Exchange (GSE) closed the week ending September 26, 2025, on a strong bullish note, with the benchmark Composite Index (GSE-CI) surging by 340.85 points to settle at 8,120.00. This reflects a weekly gain of 4.38% and extends the year-to-date (YTD) return to 66.10%.
The GSE Financial Stock Index (GSE-FSI) also advanced, rising 2.67% to close at 3,751.34 points, with a YTD return of 57.57%. Market capitalization rose to GH¢161.82 billion, supported by sustained investor interest despite a 13.05% dip in trading volumes.
Total volumes traded stood at 7.65 million shares, valued at GH¢37.47 million. MTN Ghana (MTNGH) dominated activity, accounting for 69.57% of total value traded (GH¢28.56 million), followed by TotalEnergies Marketing Ghana, SIC Insurance, CAL Bank, and Guinness Ghana Breweries.
On the price performance board, NewGold ETF (GLD) led the gainers, appreciating by GH¢15.00 to GH¢474.00. Ecobank Ghana (EGH), GCB Bank, Fan Milk (FML), TotalEnergies (TOTAL), and MTNGH also recorded notable gains. Conversely, Guinness Ghana Breweries (GGBL) and Unilever Ghana (UNIL) were the week’s only decliners, closing at GH¢5.47 and GH¢19.99, respectively.
Compared to other African markets, the GSE remains the continent’s top performer, far ahead of Nigeria’s NGX (+38.09% YTD), Kenya’s NSE (+44.06% YTD), and South Africa’s JSE (+26.88% YTD).
On the currency front, the Ghana cedi weakened against major trading currencies. It closed the week at GH¢12.40 to the US dollar, GH¢16.63 to the pound sterling, and GH¢14.50 to the euro. Against the South African rand, the cedi depreciated to GH¢0.71. The only exception was the CFA franc, where the cedi gained 4.69% year-to-date.
In the commodities market, Brent crude oil slipped to US$70.27 per barrel, down from US$66.65 the previous week, reflecting a 6.03% YTD decline. Gold, however, surged to US$3,775.95 per ounce, marking a 43.85% year-to-date gain, while cocoa prices continued their sharp decline, falling to US$6,717.38 per metric tonne—a 38.31% drop year-to-date.
