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BOPP creates history: Becomes first GSE stock to hit GH¢100, joining NewGold ETF in triple-digit club

Kweku Zurek Business News Mar - 19 - 2026 , 21:00

Benso Palm Plantation PLC (BOPP) achieved a historic milestone on Thursday, becoming the first locally-listed equity on the Ghana Stock Exchange to cross the GH¢100 price threshold, even as the broader market experienced a significant pullback.

Trading data for the 7,176th session, held on March 19, 2026, showed the agricultural sector star soaring by GH¢7.91 to close at an unprecedented GH¢100.00, cementing its position as the highest-priced Ghanaian stock on the bourse. The only instrument trading above this level is the NewGold exchange-traded fund, which remained unchanged at GH¢546.00.

The GSE Composite Index (GSE-CI) recorded a decline of 217.08 points to close at 15,691.69, reflecting broad-based selling pressure particularly in financial stocks. The GSE Financial Stocks Index (GSE-FSI) suffered a sharper decline of 391.34 points to settle at 9,844.23.

Market capitalisation stood at GH¢293.46 billion, down from Wednesday's levels, as investors processed recent gains and rotated positions.

Total volume of shares traded for the session surged to an extraordinary 36,775,033, with aggregate value hitting GH¢234,004,408.44—the highest single-day value in the bourse's history.

BOPP creates history

Benso Palm Plantation PLC (BOPP) delivered a performance for the ages, adding GH¢7.91 to become the first Ghanaian equity to breach the GH¢100 barrier. The stock attracted significant investor interest, with 5,350 shares changing hands and contributing GH¢522,660.40 to total market value.

The achievement places BOPP in an exclusive club of stocks trading in triple digits, alongside the NewGold ETF, which remains the sole instrument trading above BOPP's new record level.

MTN Ghana dominates trading activity

Scancom PLC (MTNGH) continued its dominance of the exchange, with a staggering 34,854,670 shares traded—accounting for approximately 95 per cent of all trading activity. The telecommunications giant added GH¢0.05 to close at GH¢6.53, contributing an eye-watering GH¢227,267,391.12 to total market value.

Other gainers shine

Republic Bank (Ghana) PLC (RBGH) surged by GH¢0.42 to close at GH¢5.38, while Ghana Oil Company Limited (GOIL) gained GH¢0.22 to GH¢7.85.

Clydestone (Ghana) PLC (CLYD) rose by GH¢0.09 to close at GH¢0.99, and on the Ghana Alternative Market, Hords PLC (HORDS) added GH¢0.01 to GH¢0.10.

Financial stocks suffer heavy losses

The banking and financial services sector bore the brunt of Thursday's sell-off. GCB Bank PLC (GCB) plunged by GH¢4.62 to close at GH¢45.77, while Societe Generale Ghana PLC (SOGEGH) shed GH¢0.96 to GH¢8.73.

SIC Insurance Company PLC (SIC) declined by GH¢0.50 to GH¢4.54, and Ecobank Transnational Inc. (ETI) fell GH¢0.27 to GH¢2.45. Standard Chartered Bank Ghana PLC (SCB) dipped GH¢0.16 to GH¢79.25, while Ecobank Ghana PLC (EGH) shed GH¢0.10 to GH¢55.90.

Cal Bank PLC (CAL) declined by GH¢0.02 to GH¢0.77, and TotalEnergies Marketing Ghana PLC (TOTAL) edged down GH¢0.09 to GH¢39.80.

Unchanged stocks

Several stocks recorded no price movement during Thursday's session, including Access Bank (ACCESS), Agricultural Development Bank (ADB), AngloGold Ashanti (AGA), Aluworks (ALW), Asante Gold Corporation (ASG), Atlantic Lithium (ALLGH), Camelot (CMLT), Cocoa Processing Company (CPC), Dannex Ayrton Starwin (DASPHARMA), Enterprise Group (EGL), Fan Milk (FML), First Atlantic Bank (FAB), Guinness Ghana Breweries (GGBL), Mega African Capital (MAC), PBC, Trust Bank Gambia (TBL), Tullow Oil (TLW), Unilever (UNIL), and NewGold (GLD).

Market summary

The GSE-CI has now gained 78.92 per cent since the start of the year, while the financial stocks index remains up 111.83 per cent despite Thursday's sharp pullback.

Thursday's historic session saw BOPP etch its name in the record books as the first Ghanaian stock to reach triple digits, even as profit-taking in financial stocks tempered broader market indices.

Gainers

Benso Palm Plantation PLC (BOPP): GH¢ +7.91 (closed at GH¢100.00) First Ghanaian stock to hit GH¢100

Republic Bank (Ghana) PLC (RBGH): GH¢ +0.42 (closed at GH¢5.38)

Ghana Oil Company Limited (GOIL): GH¢ +0.22 (closed at GH¢7.85)

Clydestone (Ghana) PLC (CLYD): GH¢ +0.09 (closed at GH¢0.99)

Scancom PLC (MTNGH): GH¢ +0.05 (closed at GH¢6.53)

Hords PLC (HORDS): GH¢ +0.01 (closed at GH¢0.10)

Laggards

GCB Bank PLC (GCB): GH¢ -4.62 (closed at GH¢45.77)

Societe Generale Ghana PLC (SOGEGH): GH¢ -0.96 (closed at GH¢8.73)

SIC Insurance Company PLC (SIC): GH¢ -0.50 (closed at GH¢4.54)

Ecobank Transnational Inc. (ETI): GH¢ -0.27 (closed at GH¢2.45)