- MTN Ghana, ETI and ZEN Lead Trading as GSE Turnover Falls to GH¢3.26m
Trading activity on the Ghana Stock Exchange moderated on Tuesday, May 12, 2026, with total turnover falling to GH¢3.26 million as investors traded 787,950 shares and units across the market. According to the GSE Official List for the 7209th trading session, ordinary shares accounted for 785,323 shares valued at GH¢3.23 million, while preference shares and exchange-traded funds contributed marginal activity.
MTN Ghana remained the dominant counter by value, with 252,217 shares changing hands for GH¢1.69 million. The stock closed higher at GH¢6.71, gaining GH¢0.07 from its previous closing price of GH¢6.64. The counter traded as high as GH¢6.80 during the session, signalling continued investor interest in one of the market’s most liquid stocks.
Ecobank Transnational Incorporated followed by value, recording 310,032 shares traded for GH¢426,368.88. However, the stock closed lower at GH¢1.37, down GH¢0.14 from its previous closing price of GH¢1.51.
ZEN Petroleum Holdings also remained active, with 35,893 shares traded for GH¢271,079.64. The stock advanced by GH¢0.08 to close at GH¢7.55, after trading at GH¢8.00 during the session.
The biggest price mover on the upside was Clydestone Ghana, which gained GH¢0.16 to close at GH¢1.80, from a previous closing price of GH¢1.64. The stock recorded 3,100 shares traded, valued at GH¢5,580.00.
Market breadth, however, was weakened by losses in several counters.
GCB Bank recorded the steepest decline, falling GH¢4.00 to close at GH¢36.00, from GH¢40.00 previously. The counter saw 6,544 shares traded, valued at GH¢237,964.00.
Fan Milk also lost ground, declining by GH¢0.59 to close at GH¢13.34, after opening at GH¢13.93. The stock recorded 3,456 shares traded, valued at GH¢46,683.92.
SIC Insurance slipped by GH¢0.03 to close at GH¢5.95, with 27,814 shares traded for GH¢165,493.30, while CalBank declined by GH¢0.01 to close at GH¢0.80, after 123,184 shares changed hands for GH¢98,547.20.
Other notable trades included TotalEnergies Marketing Ghana, which recorded 2,620 shares valued at GH¢91,411.80 and closed unchanged at GH¢34.89; Atlantic Lithium, which traded 8,805 shares for GH¢74,490.30 and closed unchanged at GH¢8.46; and Enterprise Group, which recorded 3,499 shares valued at GH¢37,224.36 and closed unchanged at GH¢10.64.
On the exchange-traded fund market, NewGold recorded 57 units traded, valued at GH¢28,329.57, and closed unchanged at GH¢497.01. Standard Chartered Bank Preference Shares also traded 2,564 shares for GH¢2,307.60, closing unchanged at GH¢0.90.
The day’s activity shows a market that remains selective, with trading value heavily concentrated in a few liquid counters. MTN Ghana’s gain provided some support to sentiment, while ZEN Petroleum and Clydestone added positive momentum.
However, the sharp decline in GCB Bank, alongside losses in Fan Milk, ETI, SIC and CalBank, suggests that investors remained cautious, especially after recent strong rallies in parts of the market.
The next trading session is likely to open on a mixed note, with attention expected to remain on MTN Ghana, ZEN Petroleum, ETI and banking counters. Investors may also watch whether GCB Bank stabilises after Tuesday’s sharp price correction, while liquidity is expected to remain concentrated in a narrow group of actively traded stocks.
