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GSE shatters records as MTN Ghana and StanChart lead historic GH¢124million trading day

Kweku Zurek Business News Mar - 05 - 2026 , 16:19

The Ghana Stock Exchange witnessed its most extraordinary trading session of the year on Thursday, with the GSE Composite Index (GSE-CI) surging to 14,273.08 points, adding 267.76 points, as investors poured GH¢124.4 million into the market.

Trading data for the 7,167th session, held on March 5, 2026, revealed unprecedented activity, with total volume of shares traded skyrocketing to 15,606,080—more than four times Wednesday's volume—and aggregate value hitting GH¢124,396,662.84, by far the highest single-day value recorded in recent memory.

Market capitalisation ballooned to GH¢262.08 billion, up from Wednesday's GH¢256.75 billion, reflecting the sheer scale of investor enthusiasm sweeping through the Accra bourse.

The GSE Financial Stocks Index (GSE-FSI) also climbed 145.74 points to settle at 8,951.61.

MTN Ghana leads charge

Scancom PLC (MTNGH) delivered an impressive performance, emerging as the undisputed driver of Thursday's record-breaking session. The telecommunications giant surged by GH¢0.12 to close at GH¢5.92, but more remarkably, it accounted for 13,413,290 of the 15.6 million shares traded—approximately 86 per cent of all trading activity.

The stock contributed GH¢79,457,215.58 to total market value, underscoring its dominance as Ghana's most liquid and sought-after equity. The closing bid price of GH¢5.80 and offer price of GH¢6.10 suggest investors anticipate further upside.

Banking stocks extend rally

Standard Chartered Bank Ghana PLC (SCB) continued its breathtaking ascent, adding GH¢5.19 to close at GH¢57.15—a new milestone for the banking heavyweight. Guinness Ghana Breweries PLC (GGBL) also delivered an impressive performance, gaining GH¢1.10 to close at GH¢16.10.

Enterprise Group PLC (EGL) rose by GH¢0.80 to GH¢9.80, while Fan Milk PLC (FML) added GH¢0.46 to reach GH¢16.35. Unilever Ghana PLC (UNIL) climbed GH¢0.55 to close at GH¢28.45, and Republic Bank (Ghana) PLC (RBGH) gained GH¢0.17 to GH¢2.90.

Ecobank Transnational Inc. (ETI) rose by GH¢0.11 to GH¢1.66, while Cal Bank PLC (CAL) inched up GH¢0.01 to GH¢0.89. Ghana Oil Company Limited (GOIL) added GH¢0.04 to close at GH¢5.81, and SIC Insurance Company PLC (SIC) gained GH¢0.05 to GH¢4.95.

Cocoa Processing Company PLC (CPC) recorded a gain of GH¢0.01 to close at GH¢0.08.

NewGold shines bright

The NewGold exchange-traded fund (GLD) delivered a stellar performance, jumping GH¢12.07 to close at GH¢546.00, with 10,267 units traded and contributing GH¢5,605,782 to total market value.

GCB Bank buckles under profit-taking

GCB Bank PLC (GCB) emerged as the session's sole decliner, shedding GH¢1.66 to close at GH¢48.14 despite healthy trading volume of 535,420 shares. The pullback appears to reflect profit-taking after the stock's spectacular run in recent sessions.

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), Benso Palm Plantation (BOPP), Clydestone (CLYD), Camelot (CMLT), Dannex Ayrton Starwin (DASPHARMA), Ecobank Ghana (EGH), First Atlantic Bank (FAB), Mega African Capital (MAC), PBC, Societe Generale Ghana (SOGEGH), Trust Bank Gambia (TBL), TotalEnergies (TOTAL), and Tullow Oil (TLW).

Market Summary

The GSE-CI has now gained an astonishing 62.74 per cent since the start of the year, while the financial stocks index has delivered a remarkable 92.62 per cent return. Thursday's session marked the ninth consecutive day of gains for the benchmark index, with market watchers now eyeing the 15,000-point level as the next psychological barrier.

Gainers;

Standard Chartered Bank Ghana PLC (SCB): GH¢ +5.19 (closed at GH¢57.15)

Guinness Ghana Breweries PLC (GGBL): GH¢ +1.10 (closed at GH¢16.10)

Enterprise Group PLC (EGL): GH¢ +0.80 (closed at GH¢9.80)

Unilever Ghana PLC (UNIL): GH¢ +0.55 (closed at GH¢28.45)

Fan Milk PLC (FML): GH¢ +0.46 (closed at GH¢16.35)

Republic Bank (Ghana) PLC (RBGH): GH¢ +0.17 (closed at GH¢2.90)

Scancom PLC (MTNGH): GH¢ +0.12 (closed at GH¢5.92)

Ecobank Transnational Inc. (ETI): GH¢ +0.11 (closed at GH¢1.66)

SIC Insurance Company PLC (SIC): GH¢ +0.05 (closed at GH¢4.95)

Ghana Oil Company Limited (GOIL): GH¢ +0.04 (closed at GH¢5.81)

Cal Bank PLC (CAL): GH¢ +0.01 (closed at GH¢0.89)