- TotalEnergies, Fan Milk and ZEN Gain as GSE Activity Softens
Trading on the Ghana Stock Exchange slowed on Tuesday, May 5, 2026, with total market turnover falling to GH¢5.94 million as investors exchanged 1.24 million shares across listed equities and exchange traded funds. The session was led by Scancom PLC, MTN Ghana, which recorded the highest value traded at GH¢3.26 million from 479,619 shares. The telecoms stock closed unchanged at GH¢6.80, maintaining its position as the exchange’s most liquid counter.
Benso Palm Plantation PLC followed in value terms, with 7,661 shares traded for GH¢655,015.50. The stock closed unchanged at GH¢85.50. Cal Bank PLC was also among the most active counters, with 421,340 shares valued at GH¢378,257.18. The stock gained GH¢0.02 to close at GH¢0.90, recovering from GH¢0.88 in the previous session.
Other notable trades included Societe Generale Ghana PLC, which recorded 53,902 shares valued at GH¢341,596.90, and Ecobank Transnational Incorporated, with 161,101 shares traded for GH¢318,054.03. Unilever Ghana PLC also recorded 6,035 shares worth GH¢181,050.00.
The ordinary shares market accounted for 1.21 million shares valued at GH¢5.93 million. The NewGold exchange traded fund added seven units valued at GH¢3,479.07, bringing total market turnover to GH¢5.94 million. Price movements showed a mixed pattern, as selected petroleum, consumer, and financial stocks gained while Ecobank Transnational Incorporated and Republic Bank Ghana declined.
TotalEnergies Marketing Ghana PLC posted the strongest gain of the session, rising by GH¢2.26 to close at GH¢36.49, from GH¢34.23 previously. Fan Milk PLC followed with a GH¢0.61 gain to close at GH¢12.67, while ZEN Petroleum Holdings PLC advanced by GH¢0.38 to close at GH¢6.40. Societe Generale Ghana PLC gained GH¢0.03 to close at GH¢6.34, while Cal Bank PLC and Clydestone Ghana PLC each advanced by GH¢0.02, closing at GH¢0.90 and GH¢1.62 respectively.
On the losing side, Ecobank Transnational Incorporated declined by GH¢0.18 to close at GH¢1.98, while Republic Bank Ghana PLC slipped by GH¢0.01 to GH¢5.56.
Several counters closed unchanged, including Access Bank Ghana PLC, Agricultural Development Bank PLC, Atlantic Lithium Limited, Benso Palm Plantation PLC, Ecobank Ghana PLC, Enterprise Group PLC, GCB Bank PLC, Guinness Ghana Breweries PLC, Ghana Oil Company PLC, Standard Chartered Bank Ghana PLC, SIC Insurance Company PLC, Tullow Oil PLC and Unilever Ghana PLC.
The day’s trading showed a softer market compared with the May 4 session, when turnover stood at GH¢9.32 million. Activity remained concentrated in a few counters, particularly MTN Ghana, Benso Palm Plantation, Cal Bank, Societe Generale Ghana and Ecobank Transnational Incorporated.
Tuesday’s session reflected selective positioning rather than broad-based market participation. MTN Ghana continued to anchor liquidity, while TotalEnergies, Fan Milk and ZEN Petroleum led price gains.
Overall, the market recorded modest activity, limited breadth and continued concentration in a small number of liquid counters, reinforcing the uneven depth of trading across the Ghana Stock Exchange.
