- Intravenous Infusions Falls 9.68% as GH¢7.50m Changes Hands on GSE
MTN Ghana emerged as the most actively traded stock by value on the Ghana Stock Exchange on Friday, July 31, 2026, accounting for GH¢2.97 million of the GH¢7.50 million traded across the market as activity remained concentrated in a handful of equities.
A total of 2.62 million shares changed hands during the 7,265th trading session, with ordinary shares accounting for 1.73 million shares valued at GH¢6.81 million. Transactions on the Ghana Alternative Market and a small NewGold ETF trade accounted for the remainder.
MTN Ghana traded 416,363 shares worth GH¢2.97 million, equivalent to about 39.66% of total market turnover. The telecommunications company closed at GH¢7.14, down GH¢0.01 from its previous closing price of GH¢7.15, representing a marginal 0.14% decline.
Kasapreko Plc ranked second by value traded, with 770,329 shares changing hands for GH¢1.54 million. The beverage producer closed at GH¢2.00, GH¢0.01 below its previous GH¢2.01 close, translating into a 0.50% decline.
GCB Bank followed with turnover of GH¢1.36 million from 31,583 shares. The lender closed unchanged at GH¢43.20, against a 2026 trading range stretching from GH¢20.11 to GH¢52.00.
Together, MTN Ghana, Kasapreko and GCB generated about GH¢5.88 million, representing approximately 78.41% of the entire value traded during the session. The concentration indicates that headline market turnover remained heavily dependent on a relatively small number of counters.
Intravenous Infusions Plc was another major contributor to activity, recording 744,948 shares worth GH¢625,970.77. Its share price, however, suffered the largest decline among equities that moved during the session.
IIL closed at GH¢0.84, down GH¢0.09 from its previous GH¢0.93 close, translating into a 9.68% fall. The decline came despite the stock remaining substantially above its 2026 low of GH¢0.05.
Ecobank Transnational Incorporated recorded GH¢399,779.85 in turnover from 206,631 shares. ETI declined 1.03% to GH¢1.93 from GH¢1.95.
CAL Bank was among the session’s few gainers. Its shares advanced GH¢0.02 to GH¢0.79 from GH¢0.77, a 2.60% increase, with 257,982 shares traded for GH¢203,105.87.
The strongest percentage gain came from HORDS Plc on the Ghana Alternative Market.
HORDS rose 8.33%, closing at GH¢0.39 from GH¢0.36 after 144,322 shares worth GH¢56,285.58 changed hands. The closing price also matched the stock’s 2026 high.
Atlantic Lithium fell 2.00% to GH¢6.37 from GH¢6.50 after 8,631 shares traded for GH¢55,721.50. The lithium developer has traded between GH¢6.12 and GH¢8.46 during the year.
TotalEnergies Marketing Ghana slipped 0.15% to GH¢39.94 from GH¢40.00, while 764 shares changed hands for GH¢30,514.16.
Several of the market’s larger stocks finished unchanged.
Standard Chartered Bank Ghana closed at GH¢70.00 after only 127 shares worth GH¢8,890.00 were traded. Ecobank Ghana remained at GH¢39.00, Guinness Ghana Breweries at GH¢11.91, GOIL at GH¢7.96 and Societe Generale Ghana at GH¢6.80.
Benso Oil Palm Plantation was also unchanged at GH¢79.99, with only 26 shares changing hands, while Unilever Ghana held at GH¢29.50.
The session highlighted the continuing contrast between strong headline activity and relatively narrow liquidity across much of the Ghanaian equity market.
MTN Ghana alone generated almost GH¢4 out of every GH¢10 traded, while the three most active stocks accounted for more than three-quarters of turnover.
For investors, the more notable price action occurred outside those dominant trades, particularly the 9.68% decline in Intravenous Infusions and 8.33% increase in HORDS.
The July 31 session therefore closed with reasonably strong aggregate turnover, but the distribution of activity showed that liquidity remained highly concentrated, with many listed companies recording either very small trades or no transactions at all.
