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GOIL jumps GH¢0.21, MTN Ghana surges past GH¢6.30 in record-breaking GSE session

Kweku Zurek Business News Mar - 10 - 2026 , 17:04

The Ghana Stock Exchange achieved a milestone on Tuesday, with the GSE Composite Index (GSE-CI) smashing through the 15,000-point barrier for the first time in history, closing at 15,185.49 after a breathtaking gain of 598.32 points.

Trading data for the 7,169th session, held on March 10, 2026, revealed a market in overdrive, with the GSE Financial Stocks Index (GSE-FSI) climbing 252.74 points to settle at 9,538.68.

Market capitalisation ballooned to an unprecedented GH¢277.97 billion, up from Monday's GH¢267.45 billion, as investors continued to pour into equities with seemingly insatiable appetite.

Total volume of shares traded for the session reached 2,503,371, with aggregate value hitting GH¢24,014,498.26—a significant increase from Monday's figures.

Standard Chartered leads banking charge

Standard Chartered Bank Ghana PLC (SCB) delivered a performance for the ages, surging by GH¢6.28 to close at GH¢69.14, extending its remarkable run and cementing its position as one of the year's best-performing stocks.

GCB Bank PLC (GCB) remained unchanged at GH¢52.00 despite heavy trading of 154,831 shares contributing GH¢8,052,212 to market value, while Access Bank (ACCESS) held steady at GH¢46.64.

GOIL and MTN Ghana power rally

Ghana Oil Company Limited (GOIL) emerged as a standout performer, jumping GH¢0.21 to close at GH¢6.60, with an impressive 756,136 shares traded—the second-highest volume of the session—contributing GH¢4,990,454.97 to total market value.

Scancom PLC (MTNGH) continued its ascent, adding GH¢0.39 to close at GH¢6.33. The telecommunications giant remained the most actively traded counter, with 1,187,562 shares changing hands and contributing GH¢7,509,411.87 to the total market value.

Insurance and banking stocks join the party

SIC Insurance Company PLC (SIC) rose by GH¢0.54 to close at GH¢5.98, while Republic Bank (Ghana) PLC (RBGH) gained GH¢0.29 to GH¢3.26. Ecobank Transnational Inc. (ETI) added GH¢0.17 to close at GH¢1.91.

Dannex Ayrton Starwin PLC (DASPHARMA) recorded a gain of GH¢0.03 to close at GH¢0.41, while Atlantic Lithium Ltd (ALLGH) remained unchanged at GH¢6.52 despite active trading.

Societe Generale buckles the trend

Societe Generale Ghana PLC (SOGEGH) emerged as the session's sole decliner, shedding GH¢0.02 to close at GH¢11.37.

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), Benso Palm Plantation (BOPP), Cal Bank (CAL), Clydestone (CLYD), Camelot (CMLT), Cocoa Processing Company (CPC), Ecobank Ghana (EGH), Enterprise Group (EGL), Fan Milk (FML), First Atlantic Bank (FAB), GCB Bank (GCB), Guinness Ghana Breweries (GGBL), Mega African Capital (MAC), PBC, Trust Bank Gambia (TBL), TotalEnergies (TOTAL), Tullow Oil (TLW), Unilever (UNIL), and NewGold (GLD).

Market summary

The GSE-CI has now gained an astonishing 73.15 per cent since the start of the year, while the financial stocks index has delivered a breathtaking 105.26 per cent return—more than doubling investor capital in just over two months.

Tuesday's session marked the continuation of a historic rally that has seen the benchmark index climb relentlessly since late February, with market watchers now eyeing the 16,000-point level as the next psychological barrier.