- GSE Turnover Hits GH¢7.31m as MTN Ghana Accounts for More Than Half of Value Traded
MTN Ghana dominated trading on the Ghana Stock Exchange on Monday, August 10, 2026, accounting for nearly three-fifths of total market value as investors exchanged 2.84 million shares worth GH¢7.31 million across the main market, Ghana Alternative Market and exchange-traded funds.
Scancom Plc, trading as MTN Ghana, recorded 611,499 shares valued at GH¢4.28 million, representing approximately 58.58% of the entire session’s turnover by value. The stock closed unchanged at GH¢7.00, indicating that the heavy activity did not translate into a change in its volume-weighted average price.
Kasapreko Plc was the second-largest contributor to turnover, with 500,101 shares worth GH¢999,388.73 changing hands. The recently listed brewer closed unchanged at GH¢2.00 and accounted for about 13.68% of total value traded, reinforcing its growing contribution to liquidity on the exchange.
GCB Bank followed with GH¢518,641.80 in turnover from 12,033 shares, equivalent to about 7.10% of the market’s value. Together, MTN Ghana, Kasapreko and GCB accounted for close to four-fifths of total turnover, illustrating the extent to which trading remained concentrated in a relatively small number of counters.
Price movements were more pronounced among some of the smaller stocks. Dannex Ayrton Starwin Plc, or DASPHARMA, was the strongest gainer on the session, advancing 9.62% from GH¢0.52 to GH¢0.57 after 50,000 shares worth GH¢28,500 changed hands.
Hords Plc followed with a 9.09% increase from GH¢0.55 to GH¢0.60, while SIC Insurance gained 6.26% to close at GH¢5.09. Ecobank Transnational Incorporated also strengthened, rising 3.39% from GH¢1.77 to GH¢1.83 on 65,913 shares valued at GH¢120,839.62.
The strongest downward movement came from Intravenous Infusions Plc, which dropped 9.43% from GH¢0.53 to GH¢0.48. The stock was relatively active by volume, with 299,122 shares worth GH¢143,578.56 traded during the session.
Enterprise Group Plc was the other decliner, easing 0.10% from GH¢10.03 to GH¢10.02. Its 16,769 shares generated GH¢168,025.38 in turnover.
The session was also notable for the substantial volume traded in Digicut Production & Advertising Plc on the Ghana Alternative Market. Digicut recorded 1.07 million shares, making it the most heavily traded security by number of shares and accounting for about 37.66% of total market volume, although its low share price meant those transactions generated only GH¢96,320 in value.
This distinction between volume and value is important when interpreting market activity. Digicut led by number of shares, but MTN Ghana remained overwhelmingly dominant in monetary terms because its GH¢7.00 share price converted fewer shares into significantly greater turnover.
MTN Ghana itself represented about 21.52% of total shares traded, while Kasapreko contributed 17.60% and Intravenous Infusions accounted for 10.53%. The combination of these counters meant a substantial portion of the day’s activity was concentrated within four securities.
Among financial stocks, Access Bank Ghana closed unchanged at GH¢31.89, CAL Bank remained at GH¢0.76 and Ecobank Ghana held at GH¢39.00. GCB Bank also remained at GH¢43.10, while Societe Generale Ghana stabilised at GH¢6.00 after the sharp decline recorded in the previous session.
SIC’s recovery to GH¢5.09 was therefore one of the more significant movements within the financial and insurance segment. The stock recorded 37,785 shares worth GH¢192,438.02, although it remained below its 2026 high of GH¢6.09.
Several large counters were unchanged. Standard Chartered Bank Ghana remained at GH¢70.00, TotalEnergies Marketing Ghana closed at GH¢39.83, Fan Milk stayed at GH¢13.30 and Guinness Ghana Breweries remained at GH¢11.88.
Atlantic Lithium also held at GH¢5.43 following recent weakness, with 3,287 shares valued at GH¢17,848.41 traded. Benso Oil Palm Plantation recorded no trades and remained at GH¢79.99, while AngloGold Ashanti, Asante Gold and First Atlantic Bank were similarly inactive.
The NewGold exchange-traded fund recorded only two units worth GH¢924.78, closing unchanged at GH¢462.39.
Monday’s market therefore presented a mixed picture: turnover remained concentrated in MTN Ghana and Kasapreko, while the strongest percentage gains occurred among significantly smaller counters such as DASPHARMA and Hords.
For investors, the session reinforces the distinction between price momentum and liquidity. Smaller stocks can generate sharp percentage movements on relatively modest value traded, while MTN Ghana continues to provide the deepest source of market turnover even when its share price is unchanged.
The broader question for the Ghana Stock Exchange remains whether rising activity in a handful of heavily traded securities can gradually broaden into deeper liquidity across more listed companies. On Monday, however, MTN Ghana remained firmly at the centre of the market, generating 58.58% of the GH¢7.31 million traded without moving a pesewa from its GH¢7.00 closing price.
