- MTN Ghana, ZEN Petroleum Drive GH¢9.32m GSE Turnover
Trading on the Ghana Stock Exchange opened the week on a quieter note on Monday, May 4, 2026, with total market turnover falling to GH¢9.32 million as investors exchanged 1.53 million shares.
The session was dominated by Scancom PLC, MTN Ghana, which recorded the highest value traded at GH¢4.80 million from 705,610 shares. The telecoms stock closed unchanged at GH¢6.80, maintaining its position as one of the most liquid counters on the exchange.
ZEN Petroleum Holdings PLC followed in value terms, with 287,259 shares traded for GH¢1.73 million. The stock, however, declined by GH¢0.12 to close at GH¢6.02, from GH¢6.14 in the previous session.
GCB Bank PLC also recorded notable activity, with 13,939 shares valued at GH¢579,100.33, closing unchanged at GH¢41.55. Fan Milk PLC traded 25,197 shares worth GH¢299,916.20, while Ecobank Transnational Incorporated recorded 127,874 shares valued at GH¢277,008.32.
The ordinary shares market accounted for 1.52 million shares valued at GH¢9.15 million, while the NewGold exchange traded fund recorded 346 units valued at GH¢171,965.46, bringing total market turnover to GH¢9.32 million.
Price movements were mixed but relatively narrow.
Fan Milk PLC posted the biggest gain of the session, rising by GH¢0.56 to close at GH¢12.06, from GH¢11.50 previously. Ghana Oil Company PLC also advanced by GH¢0.09 to close at GH¢8.00, touching a new year high.
On the losing side, ZEN Petroleum Holdings PLC recorded the steepest decline, falling by GH¢0.12 to GH¢6.02. Cal Bank PLC, Ecobank Ghana PLC and Ecobank Transnational Incorporated each lost GH¢0.02, closing at GH¢0.88, GH¢48.85 and GH¢2.16 respectively.
Several counters closed unchanged, including Access Bank Ghana PLC, Agricultural Development Bank PLC, Atlantic Lithium Limited, Benso Palm Plantation PLC, Enterprise Group PLC, GCB Bank PLC, Guinness Ghana Breweries PLC, Standard Chartered Bank Ghana PLC, SIC Insurance Company PLC, Societe Generale Ghana PLC, TotalEnergies Marketing Ghana PLC, Tullow Oil PLC and Unilever Ghana PLC.
The trading pattern showed a softer start to the week compared with the heavier activity recorded in the previous session, when turnover exceeded GH¢41 million. Market liquidity remained concentrated in a few counters, particularly MTN Ghana and ZEN Petroleum.
Monday’s session reflected selective positioning rather than broad-based market activity. MTN Ghana continued to anchor turnover, while ZEN Petroleum attracted strong trading despite its price decline.
The session also showed renewed price support for Fan Milk after recent weakness, while Ghana Oil Company’s gain suggested continuing investor interest in selected petroleum and consumer-facing counters.
Overall, the market opened May with moderate activity, limited price volatility and continued concentration in a small number of high-liquidity stocks.
