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GCB surges GH¢4.52, MTN hits fresh high as Ghana Stock Exchange extends winning streak

Kweku Zurek Business News Mar - 04 - 2026 , 17:24

The Ghana Stock Exchange achieved a historic milestone on Wednesday, with the GSE Composite Index (GSE-CI) crossing the 14,000-point threshold for the first time, closing at 14,005.32 after a gain of 270.78 points.

Trading data for the 7,166th session, held on March 4, 2026, showed sustained investor enthusiasm across the bourse, with the GSE Financial Stocks Index (GSE-FSI) jumping 309.94 points to settle at 8,805.87.

Market capitalisation expanded to an unprecedented GH¢256.75 billion, up from Tuesday's GH¢251.02 billion, reflecting continued confidence in Ghana's equity market.

Total volume of shares traded for the session reached 3,583,308, with aggregate value hitting GH¢39,817,968.17—the highest single-day value recorded this week despite lower volume compared to previous sessions.

Banking titans extend dominance

GCB Bank PLC (GCB) emerged as the session's standout performer, surging by GH¢4.52 to close at GH¢49.80. The banking heavyweight attracted significant investor interest, with 441,752 shares changing hands and contributing GH¢21,999,249.60 to total market value—the largest contribution of any stock.

Standard Chartered Bank Ghana PLC (SCB) continued its impressive run, adding GH¢4.72 to close at GH¢51.96, while Ecobank Ghana PLC (EGH) remained unchanged at GH¢57.00 despite active trading of 24,534 shares.

Enterprise Group PLC (EGL) recorded a gain of GH¢0.80 to close at GH¢9.00, and Ecobank Transnational Inc. (ETI) rose by GH¢0.13 to GH¢1.55.

MTN Ghana maintains momentum

Scancom PLC (MTNGH) extended its record-breaking run, adding GH¢0.02 to close at GH¢5.80. The telecommunications giant remained the most actively traded counter, with 1,968,543 shares exchanging hands, contributing GH¢11,416,143.01 to total market value.

The stock's closing bid price of GH¢5.80 and offer price of GH¢6.30 suggest continued investor optimism ahead of the upcoming dividend payment.

Oil and insurance stocks join the rally

Ghana Oil Company Limited (GOIL) posted a gain of GH¢0.52 to close at GH¢5.77, while SIC Insurance Company PLC (SIC) added GH¢0.29 to end at GH¢4.90. Republic Bank (Ghana) PLC (RBGH) rose by GH¢0.11 to GH¢2.73, and Atlantic Lithium Ltd (ALLGH) gained GH¢0.12 to GH¢6.52.

Benso Palm Plantation PLC (BOPP) inched up by GH¢0.01 to close at GH¢74.01.

Societe Generale buckles trend

Societe Generale Ghana PLC (SOGEGH) emerged as the sole decliner among actively traded stocks, shedding GH¢0.11 to close at GH¢11.40 despite healthy trading volume of 132,141 shares.

Unchanged stocks

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

Market summary

The GSE-CI has now gained 59.69 per cent since the start of the year, while the financial stocks index has delivered an extraordinary 89.49 per cent return. Wednesday's session marked the eighth consecutive day of gains for the benchmark index, with market watchers now eyeing the 14,500-point level as the next psychological barrier.

Gainers;

Standard Chartered Bank Ghana PLC (SCB): GH¢ +4.72 (closed at GH¢51.96)

GCB Bank PLC (GCB): GH¢ +4.52 (closed at GH¢49.80)

Enterprise Group PLC (EGL): GH¢ +0.80 (closed at GH¢9.00)

Ghana Oil Company Limited (GOIL): GH¢ +0.52 (closed at GH¢5.77)

SIC Insurance Company PLC (SIC): GH¢ +0.29 (closed at GH¢4.90)

Ecobank Transnational Inc. (ETI): GH¢ +0.13 (closed at GH¢1.55)

Atlantic Lithium Ltd (ALLGH): GH¢ +0.12 (closed at GH¢6.52)

Republic Bank (Ghana) PLC (RBGH): GH¢ +0.11 (closed at GH¢2.73)

Scancom PLC (MTNGH): GH¢ +0.02 (closed at GH¢5.80)

Benso Palm Plantation PLC (BOPP): GH¢ +0.01 (closed at GH¢74.01)

Laggard;