Banking blitz on GSE: Ecobank and Stanchart lead GH¢39 Million trading day
The Ghana Stock Exchange (GSE) continued its breathtaking ascent on Tuesday, with the GSE Composite Index (GSE-CI) vaulting past the 13,700-point threshold, closing at 13,734.54 after a gain of 384 points.
Trading data for the 7,165th session, held on March 3, 2026, revealed a market firing on all cylinders, with the GSE Financial Stocks Index (GSE-FSI) outpacing the benchmark with a robust gain of 427.72 points to settle at 8,495.93.
Market capitalisation ballooned to an unprecedented GH¢251.02 billion, up from Monday's GH¢244.52 billion, as investors continued to pile into equities with seemingly insatiable appetite.
Total volume of shares traded for the session reached 4,918,176, with aggregate value hitting GH¢39,303,092.48—the highest single-day value recorded in consecutive sessions.
Banking titans dominate gains
Ecobank Ghana PLC (EGH) emerged as the day's standout performer, surging by GH¢4.00 to close at GH¢57.00. The banking heavyweight attracted significant investor interest, with 101,107 shares changing hands and contributing GH¢5,763,099 to total market value.
Standard Chartered Bank Ghana PLC (SCB) delivered another stellar performance, adding GH¢4.29 to close at GH¢47.24, while GCB Bank PLC (GCB) continued its upward trajectory with a gain of GH¢3.27 to end at GH¢45.28.
Societe Generale Ghana PLC (SOGEGH) also posted impressive gains, rising by GH¢0.42 to close at GH¢11.51, with 634,549 shares traded—the second-highest volume of the session.
MTN Ghana extends record run
Scancom PLC (MTNGH) built on Monday's all-time high, adding GH¢0.02 to close at GH¢5.78. The telecommunications giant remained the most actively traded counter, with 3,085,929 shares exchanging hands, contributing GH¢17,827,488.28 to total market value—nearly half of the session's entire turnover.
The stock's closing bid price of GH¢5.80 and offer price of GH¢6.30 suggest further upside potential as investors position themselves ahead of the dividend payment date.
Consumer and insurance stocks join rally
Enterprise Group PLC (EGL) recorded a gain of GH¢0.72 to close at GH¢8.20, while Fan Milk PLC (FML) added GH¢0.54 to reach GH¢15.89. Guinness Ghana Breweries PLC (GGBL) rose by GH¢0.35 to close at GH¢15.00, and Unilever Ghana PLC (UNIL) appreciated by GH¢0.94 to GH¢27.90.
Ghana Oil Company Limited (GOIL) continued its recent momentum, gaining GH¢0.47 to close at GH¢5.25, while SIC Insurance Company PLC (SIC) added GH¢0.33 to end at GH¢4.61. Republic Bank (Ghana) PLC (RBGH) rose by GH¢0.23 to GH¢2.62, and Ecobank Transnational Inc. (ETI) gained GH¢0.10 to close at GH¢1.42.
HORDS records heavy trading on GAX
In the Ghana Alternative Market, Hords PLC (HORDS) recorded significant trading activity, with 195,121 shares changing hands—a rare occurrence for the junior market counter. The stock remained unchanged at GH¢0.10.
Unchanged stocks
Several stocks recorded no price movement during Tuesday's session, including Access Bank (ACCESS), Agricultural Development Bank (ADB), AngloGold Ashanti (AGA), Aluworks (ALW), Asante Gold Corporation (ASG), Atlantic Lithium (ALLGH), Benso Palm Plantation (BOPP), Cal Bank (CAL), Clydestone (CLYD), Camelot (CMLT), Cocoa Processing Company (CPC), Dannex Ayrton Starwin (DASPHARMA), First Atlantic Bank (FAB), Mega African Capital (MAC), PBC, Trust Bank Gambia (TBL), TotalEnergies (TOTAL), and Tullow Oil (TLW).
Market summary
The GSE-CI has now gained 56.60 per cent since the start of the year, while the financial stocks index has delivered an extraordinary 82.82 per cent return. Analysts attribute the sustained rally to strong corporate earnings, attractive dividend yields, and renewed confidence in Ghana's economic trajectory.
Tuesday's session marked the seventh consecutive day of gains for the benchmark index, with market watchers now eyeing the 14,000-point level as the next psychological barrier.
Here is the list of gainers and laggards from Tuesday's trading session on the Ghana Stock Exchange:
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Gainers
- Ecobank Ghana PLC (EGH): GH¢ +4.00 (closed at GH¢57.00)
- Standard Chartered Bank Ghana PLC (SCB): GH¢ +4.29 (closed at GH¢47.24)
- GCB Bank PLC (GCB): GH¢ +3.27 (closed at GH¢45.28)
- Unilever Ghana PLC (UNIL): GH¢ +0.94 (closed at GH¢27.90)
- Enterprise Group PLC (EGL): GH¢ +0.72 (closed at GH¢8.20)
- Fan Milk PLC (FML): GH¢ +0.54 (closed at GH¢15.89)
- Ghana Oil Company Limited (GOIL): GH¢ +0.47 (closed at GH¢5.25)
- Societe Generale Ghana PLC (SOGEGH): GH¢ +0.42 (closed at GH¢11.51)
- Guinness Ghana Breweries PLC (GGBL): GH¢ +0.35 (closed at GH¢15.00)
- SIC Insurance Company PLC (SIC): GH¢ +0.33 (closed at GH¢4.61)
- Republic Bank (Ghana) PLC (RBGH): GH¢ +0.23 (closed at GH¢2.62)
- Scancom PLC (MTNGH): GH¢ +0.02 (closed at GH¢5.78)
- Ecobank Transnational Inc. (ETI): GH¢ +0.10 (closed at GH¢1.42)
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Laggards (Unchanged)
- Access Bank Ghana PLC (ACCESS) — GH¢42.40
- Agricultural Development Bank (ADB) — GH¢5.06
- AngloGold Ashanti PLC (AGA) — GH¢37.00
- Aluworks PLC (ALW) — GH¢0.10
- Asante Gold Corporation (ASG) — GH¢8.89
- Atlantic Lithium Ltd (ALLGH) — GH¢6.40
- Benso Palm Plantation PLC (BOPP) — GH¢74.00
- Cal Bank PLC (CAL) — GH¢0.88
- Clydestone (Ghana) PLC (CLYD) — GH¢0.74
- Camelot Ghana PLC (CMLT) — GH¢0.14
- Cocoa Processing Co. PLC (CPC) — GH¢0.07
- Dannex Ayrton Starwin PLC (DASPHARMA) — GH¢0.38
- First Atlantic Bank PLC (FAB) — GH¢7.84
- Mega African Capital PLC (MAC) — GH¢5.20
- PBC Ltd. (PBC) — GH¢0.02
- Trust Bank Gambia PLC (TBL) — GH¢1.20
- TotalEnergies Marketing Ghana PLC (TOTAL) — GH¢40.15
- Tullow Oil PLC (TLW) — GH¢11.92