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Home Business Banking & Finance

NewGold Drives GSE Turnover as Market Trades GHS 13.94 Million

NewGold ETF Dominates GSE Trading With GHS 8.44 Million Turnover

16 hours ago
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  • NewGold Drives GSE Turnover as Market Trades GHS 13.94 Million

The Ghana Stock Exchange recorded total turnover of GHS 13.94 million from 971,221 shares traded during the 7,227th trading session on Monday, June 8, 2026.

Trading activity was dominated by the NewGold exchange-traded fund, which recorded 16,906 units traded, valued at GHS 8.44 million, making it the largest contributor to market turnover for the session.

NewGold, however, declined by GHS 2.90 to close at GHS 499.02, from a previous closing price of GHS 501.92.

On the ordinary shares market, MTN Ghana led trading by value, recording 334,877 shares traded, valued at GHS 2.17 million. The stock slipped marginally by GHS 0.01 to close at GHS 6.47, from a previous closing price of GHS 6.48.

GCB Bank PLC followed with 52,903 shares traded, generating GHS 1.90 million in turnover. The stock closed unchanged at GHS 36.00.

Ecobank Ghana PLC also recorded notable activity, with 5,131 shares traded, valued at GHS 213,898.76. However, the counter was the biggest decliner among ordinary shares, losing GHS 3.29 to close at GHS 41.70, from a previous closing price of GHS 44.99.

The decline in Ecobank Ghana weighed on the broader market, reinforcing the cautious tone that has characterised recent trading sessions after strong year-to-date gains on the local bourse.

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SIC Insurance Company PLC also came under selling pressure, falling by GHS 0.34 to close at GHS 4.49. The counter traded 20,413 shares, valued at GHS 92,273.64.

TotalEnergies Marketing Ghana PLC declined by GHS 3.00 to close at GHS 33.00, after trading 4,263 shares valued at GHS 140,679.00.

ZEN Petroleum Holdings PLC also slipped by GHS 0.04 to close at GHS 10.00, with 23,893 shares traded, worth GHS 238,969.02.

The only notable price gainer among the active counters was Ecobank Transnational Incorporated, which gained GHS 0.10 to close at GHS 1.67. The stock recorded 66,398 shares traded, valued at GHS 110,778.79.

CAL Bank PLC recorded the highest traded volume among ordinary shares, with 413,592 shares changing hands. The stock closed unchanged at GHS 0.77, with total value traded of GHS 319,966.74.

Other counters that recorded activity but closed unchanged included Access Bank Ghana, which traded 3,350 shares valued at GHS 92,460.00; Atlantic Lithium, which traded 5,674 shares valued at GHS 48,002.04; Benso Palm Plantation, with 514 shares valued at GHS 41,120.00; and Fan Milk, with 1,717 shares valued at GHS 22,836.10.

Ghana Oil Company traded 13,159 shares valued at GHS 98,692.50, closing unchanged at GHS 7.50.

Standard Chartered Bank Ghana recorded 21 shares traded, valued at GHS 1,498.98, and closed unchanged at GHS 71.38.

The ordinary shares segment recorded a subtotal of 947,221 shares traded, with total value of GHS 5.51 million.

On the Ghana Alternative Market, activity remained thin. Meridian Marshalls Holding Company traded 4,218 shares, valued at GHS 463.98, while Intravenous Infusions PLC traded 2,862 shares worth GHS 314.82. Hords PLC recorded 14 shares traded, valued at GHS 1.54.

The June 8 session reflected a market shaped by selective trading, with turnover heavily supported by NewGold, MTN Ghana and GCB Bank.

While activity in NewGold lifted total market value, price declines in Ecobank Ghana, TotalEnergies, SIC Insurance, MTN Ghana and ZEN Petroleum pointed to continued investor caution across selected equities.

The trading pattern suggests that investors remain active but increasingly selective, with liquidity concentrated in a few counters and price movements reflecting cautious repositioning after the market’s strong performance earlier in the year.

For now, the market continues to show depth in selected instruments, but the broader tone remains mixed as investors weigh valuation levels, profit-taking opportunities and macroeconomic signals.

 

Tags: Ecobank GhanaGCB and NewGold Anchor GSE Activity as Market Records Mixed SessionGhana Stock ExchangeGSE Records GHS 13.94 Million Turnover as NewGold Leads ActivitymtnNewGold Drives GSE Turnover as Market Trades GHS 13.94 MillionNewGold ETF Dominates GSE Trading With GHS 8.44 Million TurnoverSIC and TOTAL Drag Market as NewGold Tops Trading
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