- GSE Turnover Rises To GH¢10.88m as 11 Stocks Record Price Gains
Trading activity on the Ghana Stock Exchange remained strong on Friday, July 24, 2026, with total turnover reaching GH¢10.88 million as MTN Ghana and Kasapreko continued to dominate investor activity.
The market recorded 3.21 million shares valued at GH¢10.88 million, with ordinary shares accounting for the bulk of activity. Ordinary equities contributed 2.70 million shares worth GH¢10.53 million, while the Ghana Alternative Market added 510,500 shares valued at GH¢332,930.00. NewGold ETF recorded 39 units traded, valued at GH¢18,033.21.
MTN Ghana was the dominant counter by value, trading 903,387 shares worth GH¢6.32 million. The stock closed at GH¢7.00, up GH¢0.02 from its previous closing price of GH¢6.98, marking a 0.29% gain for the session and matching its year-high price.
The performance reinforces MTNGH’s position as the market’s most important liquidity anchor. The counter alone accounted for 58.11% of total market turnover and 28.14% of total volume traded, making it the single largest driver of market activity.
Kasapreko followed with 1.05 million shares valued at GH¢2.11 million. The stock, however, closed marginally lower at GH¢2.01 from GH¢2.03, representing a GH¢0.02 decline, or 0.9901 from GH¢2.03, representing a GH¢0.02 decline, or 0.99%. Despite the price dip, KASA remained the most traded stock by volume, accounting for 32.69% of all shares exchanged on the day.
Together, MTNGH and Kasapreko accounted for GH¢8.43 million in value traded, equivalent to 77.50% of total market turnover. Their combined dominance shows that trading remained heavily concentrated in a small number of highly active counters, even though price gains were spread across several stocks.
CAL Bank was the third most active counter by value, trading 465,914 shares worth GH¢372,731.20. The stock closed at GH¢0.80, up GH¢0.01 from its previous close of GH¢0.79, representing a 1.27% gain.
Intravenous Infusions also saw strong activity, particularly on the Ghana Alternative Market, where it traded 500,500 shares valued at GH¢330,330.00. IIL closed at GH¢0.66, up GH¢0.06 from GH¢0.60, representing a 10.00% gain and matching its year high.
Ecobank Ghana traded 6,029 shares worth GH¢230,761.74 and closed at GH¢38.32, up GH¢0.27 from GH¢38.05. ETI also recorded significant activity, with 115,786 shares valued at GH¢229,108.35, closing at GH¢1.97, up GH¢0.02.
The top five counters by value — MTNGH, KASA, CAL, IIL and EGH — accounted for GH¢9.37 million, or 86.09% of total market turnover. By volume, the top five counters — KASA, MTNGH, IIL, CAL and ETI — accounted for 3.04 million shares, representing 94.53% of the day’s total volume.
On the price movement front, 11 stocks recorded gains, one stock declined, and the rest closed unchanged.
TotalEnergies Marketing Ghana posted the largest absolute price gain, rising GH¢1.17 to close at GH¢40.00 from GH¢38.83, representing a 3.01% increase. Societe Generale Ghana advanced GH¢0.20 to GH¢7.00, while Republic Bank Ghana gained GH¢0.12 to close at GH¢4.32.
Clydestone also strengthened, rising GH¢0.11 to GH¢4.50, matching its year-high price. Cocoa Processing Company gained GH¢0.01 to close at GH¢0.16, also touching its year high. Hords advanced GH¢0.02 to GH¢0.26, while IIL’s strong gain to GH¢0.66 kept the GAX counter among the most watched stocks of the session.
Kasapreko was the only decliner among the actively traded counters, easing GH¢0.02 to GH¢2.01. The decline comes after strong interest in the newly listed beverage manufacturer, which continues to attract meaningful volumes despite short-term price softness.
Financial stocks produced mixed but generally stable trading. Access Bank Ghana recorded 820 shares valued at GH¢26,158.00 and closed unchanged at GH¢31.90. GCB Bank traded 1,802 shares worth GH¢77,846.40 and closed unchanged at GH¢43.20. Standard Chartered Bank recorded GH¢8,050.00 in turnover and closed flat at GH¢70.00, while SIC Insurance traded GH¢171,522.00 but remained unchanged at GH¢6.00.
Consumer and energy counters also saw pockets of activity. Fan Milk recorded GH¢214,701.90 in value traded, Guinness Ghana Breweries posted GH¢31,189.50, GOIL recorded GH¢83,516.32, and TotalEnergies traded GH¢181,963.20. GOIL closed unchanged at GH¢7.96, while TotalEnergies advanced to GH¢40.00.
NewGold ETF remained unchanged at GH¢462.39, with 39 units traded. On the GAX, Hords and IIL were the only active counters, both gaining on the day.
The session’s data point to a market still being led by a small group of highly liquid counters. MTNGH remains the dominant value driver, Kasapreko continues to command strong volume, and GAX activity is being lifted by IIL’s exceptional price momentum.
For investors, the day’s trading shows that liquidity remains concentrated but sentiment is still positive. With 11 gainers against only one decliner, the market’s underlying tone remained firm, even as the bulk of value continued to flow through MTNGH and Kasapreko.
The immediate test for the market will be whether this activity can broaden beyond a handful of counters. For now, MTNGH remains the key market driver, while Kasapreko continues to provide depth on the volume side.
