- Kasapreko Leads GSE Turnover as Market Value Traded Drops 83.26%
Trading activity on the Ghana Stock Exchange slowed sharply on Monday, July 20, 2026, as total market turnover fell to GH¢2.61 million from 859,644 shares, with Kasapreko PLC emerging as the most actively traded stock by both volume and value.
The latest Official List, Trading Session 7256, showed a steep retreat from the previous session when the market recorded 2.78 million shares valued at GH¢15.57 million. Compared with that session, total volume declined by 69.10%, while value traded dropped by 83.26%, signalling a much quieter start to the trading week.
Ordinary shares accounted for the overwhelming share of activity, with 810,144 shares changing hands for GH¢2.59 million. This represented 94.24% of total market volume and 99.33% of total value traded. Activity on the Ghana Alternative Market was modest, accounting for 49,500 shares valued at GH¢17,370.00.
Kasapreko led the market with 435,857 shares traded, valued at GH¢871,714.00. The stock closed unchanged at GH¢2.00, accounting for 50.70% of total market volume and 33.46% of total value traded. Its dominance on the day reflected continued liquidity in the newly listed beverage company, even as broader market activity weakened.
GCB Bank followed by value, recording GH¢631,168.20 from 14,757 shares. The stock closed marginally lower at GH¢42.77, down GH¢0.01 from the previous closing price of GH¢42.78. The decline represented a 0.02% fall, making it one of four ordinary shares that ended the session in negative territory.
MTN Ghana recorded 46,258 shares valued at GH¢303,919.35 and closed unchanged at GH¢6.57. The telecom stock accounted for 5.38% of total market volume and 11.67% of total value traded.
Ecobank Ghana also featured among the most active counters by value, trading 6,754 shares worth GH¢249,898.00, while CalBank recorded one of the highest volumes on the day with 259,556 shares valued at GH¢207,644.80. CalBank closed unchanged at GH¢0.80 and accounted for 30.19% of total market volume.
The top five counters by value — Kasapreko, GCB Bank, MTN Ghana, Ecobank Ghana and CalBank — together accounted for GH¢2.26 million, representing 86.91% of total market turnover. This concentration suggests that trading activity remained narrow, with a few counters driving most of the day’s market value.
Price movement was limited across the main market. Enterprise Group declined by GH¢0.01 to close at GH¢10.04, representing a 0.10% loss. Ecobank Transnational Incorporated also fell by GH¢0.01 to close at GH¢2.06, a 0.48% drop. Ghana Oil Company declined by GH¢0.01 to close at GH¢7.97, representing a 0.13% fall.
On the Ghana Alternative Market, Intravenous Infusions PLC posted the strongest gain, rising by GH¢0.04 from GH¢0.42 to GH¢0.46. This represented a 9.52% increase. Hords PLC also gained GH¢0.01 to close at GH¢0.19, representing a 5.56% rise.
The gains in IIL and Hords helped provide some positive price action on a day when the main market was largely flat and turnover weakened substantially. IIL traded 29,500 shares valued at GH¢13,570.00, while Hords recorded 20,000 shares worth GH¢3,800.00.
Several counters recorded no trades during the session, including Agricultural Development Bank, AngloGold Ashanti PLC, Aluworks, Asante Gold Corporation, Camelot Ghana, Cocoa Processing Company, Dannex Ayrton Starwin, PBC, Standard Chartered Bank Ghana, TotalEnergies Marketing Ghana, Tullow Oil, Unilever Ghana and ZEN Petroleum Holdings PLC.
The absence of trading in several large-cap and mid-cap counters contributed to the subdued market tone. NewGold ETF also recorded no trades, closing unchanged at GH¢462.39.
Monday’s trading pattern showed that while market liquidity has not disappeared, it remains highly concentrated. Kasapreko continued to attract investor attention, CalBank provided volume support, and GCB Bank contributed strongly to value traded despite its marginal price decline.
The sharp fall in turnover from the previous session also suggests that the market may be normalising after recent high-value trades that lifted activity in the prior week. Without large block transactions, daily turnover remains dependent on a handful of liquid counters.
For investors, the key signal from the session was caution. Prices were mostly stable, but participation weakened. The market opened the week with limited breadth, narrow turnover concentration and only modest price movement.
The trading session therefore reflected a market still supported by selective activity in a few counters, but without the broad-based momentum needed to sustain the high turnover levels recorded in previous sessions.
