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ETI jumps GH¢0.24, Republic Bank surges GH¢0.40 as GSE market cap nears GH¢300 billion

Kweku Zurek Business News Mar - 16 - 2026 , 16:21

The Ghana Stock Exchange (GSE) kicked off the new trading week on a robust note, with the GSE Composite Index (GSE-CI) climbing 233.55 points to close at a fresh record high of 15,844.87.

Trading data for the 7,173rd session, held on March 16, 2026, showed sustained investor confidence, with the GSE Financial Stocks Index (GSE-FSI) gaining 208.92 points to settle at 10,354.22.

Market capitalisation expanded to an unprecedented GH¢299.56 billion, up from Friday's GH¢292.58 billion, reflecting continued wealth creation on the Accra bourse.

Total volume of shares traded for the session reached 1,325,886, with aggregate value hitting GH¢5,348,621.30.

ETI, RBGH, and EGL lead gainers

Ecobank Transnational Inc. (ETI) delivered a stellar performance, jumping GH¢0.24 to close at GH¢2.70. The pan-African banking group attracted significant investor interest, with 556,593 shares traded—the highest volume of the session.

Republic Bank (Ghana) PLC (RBGH) surged by GH¢0.40 to close at GH¢4.43, while Enterprise Group PLC (EGL) added GH¢0.15 to GH¢12.16.

Ghana Oil Company Limited (GOIL) gained GH¢0.12 to close at GH¢7.44, and Scancom PLC (MTNGH) rose by GH¢0.07 to GH¢6.34.

SIC Insurance bucks the trend

SIC Insurance Company PLC (SIC) emerged as the sole significant decliner, shedding GH¢0.69 to close at GH¢6.21.

Unchanged stocks

Several stocks recorded no price movement during Monday'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), Ecobank Ghana (EGH), Fan Milk (FML), First Atlantic Bank (FAB), GCB Bank (GCB), Guinness Ghana Breweries (GGBL), Mega African Capital (MAC), PBC, Standard Chartered Bank (SCB), Societe Generale Ghana (SOGEGH), Trust Bank Gambia (TBL), TotalEnergies (TOTAL), Tullow Oil (TLW), Unilever (UNIL), and NewGold (GLD).

On the Ghana Alternative Market, Digicut Production & Advertising PLC (DIGICUT) recorded active trading with 105,365 shares changing hands at an unchanged price of GH¢0.09.

Market summary

The GSE-CI has now gained an extraordinary 80.67 per cent since the start of the year, while the financial stocks index has delivered a breathtaking 122.81 per cent return—more than doubling investor capital in just over two and a half months.

Monday's session brought a positive start to the new trading week, with the benchmark index setting yet another record and market capitalisation surging toward the GH¢300 billion milestone.

Gainers;

Republic Bank (Ghana) PLC (RBGH): GH¢ +0.40 (closed at GH¢4.43)

Ecobank Transnational Inc. (ETI): GH¢ +0.24 (closed at GH¢2.70)

Enterprise Group PLC (EGL): GH¢ +0.15 (closed at GH¢12.16)

Ghana Oil Company Limited (GOIL): GH¢ +0.12 (closed at GH¢7.44)

Scancom PLC (MTNGH): GH¢ +0.07 (closed at GH¢6.34)

Laggard;

SIC Insurance Company PLC (SIC): GH¢ -0.69 (closed at GH¢6.21)

Unchanged stocks;

Access Bank Ghana PLC (ACCESS) — GH¢46.62

Agricultural Development Bank (ADB) — GH¢5.06

AngloGold Ashanti PLC (AGA) — GH¢37.00