Société Générale, MTN and CAL lift GSE turnover as trading value tops GH¢7.1m
Trading on the Ghana Stock Exchange on April 16 was driven overwhelmingly by activity in MTN Ghana, Société Générale Ghana and CAL Bank, with total market turnover reaching GH¢7.11mn on a volume of 1.44mn shares, underscoring continued investor concentration in a narrow group of liquid counters.
MTN Ghana was once again the dominant stock on the day, accounting for the largest share of traded value after 783,998 shares changed hands at a total value of GH¢4.65 million. The telecoms giant also closed stronger at GH¢5.93, up GH¢0.14 from its previous closing price, reinforcing its role as the market’s principal liquidity anchor.
Financial stocks also helped set the tone for the session. Société Générale Ghana recorded a notable 152,526 shares traded, with turnover of GH¢813,160.82, and edged up by GH¢0.01 to close at GH¢5.33. CAL Bank, meanwhile, posted one of the heaviest volumes on the market, with 432,081 shares traded worth GH¢339,261.75, closing at GH¢0.79, a gain of GH¢0.02. GCB Bank also turned in a strong performance, rising GH¢2.07 to GH¢28.89, with 6,500 shares traded for GH¢188,375.
Yet the day’s trading was not without weakness. Access Bank Ghana fell sharply by GH¢3.78 to close at GH¢34.03, while Benso Palm Plantation shed GH¢10.00 to end at GH¢90.00, making it the steepest price loser of the session. Enterprise Group also slipped GH¢0.05 to GH¢11.34, while Republic Bank Ghana lost GH¢0.03 to close at GH¢4.43.
Among the gainers, Clydestone stood out with a GH¢0.12 increase to GH¢1.44, while Ecobank Transnational rose GH¢0.04 to GH¢1.92. SIC Insurance advanced by GH¢0.02 to GH¢4.14, adding to the session’s modest list of positive movers.
Outside the main equity board, the NewGold ETF recorded 897 units traded with a value of GH¢451,011.50, closing marginally higher at GH¢502.80. Activity on the Ghana Alternative Market remained dormant, with no trades recorded across the listed GAX counters.
The structure of the session again highlighted a familiar pattern on the local bourse: turnover was concentrated in a handful of names, particularly telecoms and banking stocks, while much of the broader market remained thinly traded or inactive. That leaves headline turnover looking healthy but also points to the continuing narrowness of market depth on the exchange.
