GSE Records Mild Pullback as Benchmark Indices Dip on Telecom-Led Trading
The Ghana Stock Exchange (GSE) closed Tuesday’s session on a softer note, as marginal declines in the benchmark indices overshadowed fairly active trading across key counters.
The GSE Composite Index edged down to 8,628.21 points from 8,630.50 previously, while the Financial Stock Index also slipped to 4,495.51 points. Despite the day’s decline, the YTD performance of the financial index remains robust at 88.82%, with the composite index up 76.50% year-to-date.
Market Performance
Price movements were largely mixed, as CAL Bank, GCB Bank and Standard Chartered Bank each recorded modest gains of GH¢0.01, closing at GH¢0.44, GH¢19.51 and GH¢29.14 respectively. ETI, however, shed GH¢0.01 to end at GH¢0.79.
Trading activity remained firmly dominated by the telecommunications sector, with MTN Ghana once again leading turnover. The stock accounted for GH¢26.10 million of the total GH¢29.41 million value traded, with 6.21 million shares changing hands.
CAL (4.37 million shares), SOGEGH (145,794 shares), FML (24,698 shares) and GCB (8,784 shares) also featured among the actively traded equities.
Market capitalisation inched lower to GH¢167.71 billion, reflecting the subdued sentiment across the bourse.
The market is expected to remain driven by liquidity flows within high-cap counters, particularly MTN Ghana, which continues to anchor overall activity.
November Market Review
The GSE Composite Index rose by 224.79 points month-on-month in November, returning 76.13% YTD, compared to 49.97% for the same period in 2024. The GSE Financial Stock Index surged 262.53 points, bringing its YTD gain to 87.18%.
Overall volumes traded declined by 12.49% m/m, while total market turnover fell by 11.39% m/m. Top gainers for the month included EGL (48.67%), SOGEGH (31.96%), BOPP (17.18%) and GCB (12.55%). CAL and ETI posted the steepest declines, down 18.37% and 18.18% respectively.
Dividend Announcements
GGBL – GH¢0.098 final dividend payable on 30th December 2025
BOPP – GH¢1.0627 interim dividend payable on 19th December 2025
SIC – GH¢0.0511 final dividend payable on 19th December 2025
