- ZEN Petroleum Gains 9.92% as GSE Records GH¢4.90 Million in Trades
Trading activity on the Ghana Stock Exchange opened the week with a total turnover of GH¢4.90 million, as investor activity remained concentrated in MTN Ghana, SIC Insurance, CAL Bank, Ecobank Transnational Incorporated and ZEN Petroleum.
According to the GSE Official List for Trading Session 7218, a total of 1,015,682 shares changed hands, with total value traded reaching GH¢4,903,716.60 on Monday, May 25, 2026. Ordinary shares accounted for the bulk of market activity, recording 1,015,539 shares valued at GH¢4,903,084.70.
MTN Ghana remained the dominant counter by value, trading 411,899 shares worth GH¢2.77 million. The stock closed unchanged at GH¢6.73, with a closing bid of GH¢6.73 and offer of GH¢6.79. MTN alone accounted for about 56.5 per cent of total market turnover, underlining its continued role as the market’s main liquidity anchor.
SIC Insurance also recorded strong activity, with 55,825 shares traded for GH¢295,264.25, closing flat at GH¢5.29. ETI followed with 210,635 shares valued at GH¢281,027.03, gaining GH¢0.01 to close at GH¢1.34.
ZEN Petroleum was the session’s standout price mover, rising by GH¢0.96 to close at GH¢10.64, after trading 40,401 shares valued at GH¢429,866.64. The gain represented a near 9.92 per cent increase from its previous closing price of GH¢9.68, making it the clearest bullish signal of the session.
CAL Bank remained one of the most active counters by volume, trading 253,162 shares worth GH¢191,672.20. However, the stock slipped by GH¢0.01 to close at GH¢0.75, reflecting continued pressure on the banking counter.
GCB Bank also came under pressure, losing GH¢0.99 to close at GH¢36.00 after trading 4,147 shares valued at GH¢149,339.00. Republic Bank Ghana declined by GH¢0.09 to close at GH¢5.20, with 1,594 shares traded for GH¢8,331.94.
TotalEnergies Marketing Ghana was another notable contributor to market value, trading 17,822 shares valued at GH¢586,526.18, although the stock closed unchanged at GH¢32.91. Ghana Oil Company also traded 10,584 shares worth GH¢83,931.12, closing flat at GH¢7.93.
Other counters that recorded trades included Access Bank, Atlantic Lithium, Benso Palm Plantation, Ecobank Ghana, Enterprise Group, Fan Milk, Standard Chartered Bank, Societe Generale Ghana, Tullow Oil and Unilever Ghana.
On the ETFs board, NewGold recorded a single unit traded at GH¢497.00, while Standard Chartered Bank Preference Shares recorded 142 shares valued at GH¢134.90. Activity on the Ghana Alternative Market was muted, with no recorded trades across Samba Foods, Meridian Marshalls, Hords, Intravenous Infusions and Digicut.
The session produced a mixed market tone. ZEN Petroleum and ETI advanced, while CAL Bank, GCB Bank and Republic Bank Ghana declined. Most other counters closed unchanged, suggesting that investors remained selective despite improved turnover.
The dominance of MTN Ghana continues to show the extent to which liquidity on the local bourse remains concentrated in a few large counters. ZEN Petroleum’s strong gain, however, added momentum to the session and helped offset losses in parts of the banking segment.
For the next session, investor attention is likely to remain on MTN Ghana, ZEN Petroleum, SIC Insurance, ETI and the banking counters, particularly CAL Bank and GCB Bank, where price movements could influence broader market sentiment.
