- MTN and GCB keep GSE active as turnover slips below GH¢10m
The Ghana Stock Exchange closed Thursday’s session with a total turnover of GH¢9.90m on a traded volume of 1.85m shares, as activity remained concentrated in a narrow group of heavyweights led by MTN Ghana, GCB Bank, and Ecobank Transnational.
MTN Ghana was the day’s biggest value driver, with 745,571 shares traded worth GH¢4.91m. The telecoms counter closed at GH¢6.59, up GH¢0.07, confirming its continued role as the market’s main liquidity anchor.
GCB Bank again posted a strong session, rising GH¢2.71 to close at GH¢44.98. The stock traded 51,794 shares valued at GH¢2.38m, making it the second-largest contributor to turnover and reinforcing the banking sector’s hold on market momentum.
Ecobank Transnational ranked third by value, with 367,513 shares traded for GH¢822,630.94, though the stock was unchanged at GH¢2.24. Ecobank Ghana also featured in the session, recording GH¢573,586.30 in traded value, but slipped slightly by GH¢0.01 to GH¢48.89.
The day also brought a stronger move in Republic Bank Ghana, which climbed GH¢0.37 to GH¢5.09, while SIC Insurance added GH¢0.33 to close at GH¢5.14. These gains helped offset declines in some other counters, especially Benso Palm Plantation, which fell GH¢0.86 to GH¢85.00, and Fan Milk, which dropped GH¢0.30 to GH¢12.20. Enterprise Group also eased by GH¢0.12 to GH¢11.08.
A notable feature of the session was the continued early performance of ZEN Petroleum Holdings Plc, which rose GH¢0.50 to GH¢5.55 in only its second trading session. Volume was still light at 1,000 shares, with a traded value of GH¢5,550, but the move suggests the stock is beginning its market life with positive price traction.
CAL Bank remained one of the more active names by volume, with 305,781 shares traded, though it closed unchanged at GH¢0.90. GOIL was also flat at GH¢7.99, despite trading 23,649 shares worth GH¢188,955.51. TotalEnergies Marketing Ghana ended unchanged at GH¢34.55, with a value traded of GH¢205,952.55.
The broader picture remains familiar. Market activity is still being carried by a relatively small group of liquid counters, especially telecoms and banks, while much of the wider board stays inactive or lightly traded. Even on a quieter turnover day, MTN and GCB alone accounted for the bulk of trading value.
That leaves the exchange in a familiar position: resilient, but narrow. The market is still finding support where liquidity is deepest, but broader participation remains limited. For now, the GSE’s momentum continues to rest on the shoulders of a few dominant names rather than the full breadth of the board.
