GSE starts week bullish as GCB, SOGEGH, and ETI lead charge; TotalEnergies drops
The Ghana Stock Exchange (GSE) kicked off the trading week on a strong note, with the benchmark GSE Composite Index climbing 308.57 points to close at 14,332.79. The GSE Financial Stocks Index also gained 206.14 points to settle at 8,520.19, reflecting renewed appetite for banking and financial sector stocks.
Market capitalization rose to GH¢ 272.08 billion, while total volume traded hit 4,335,116 shares, valued at GH¢ 21.56 million.
Gainers: GCB, SOGEGH, ETI shine
Investors cheered GCB Bank PLC, which surged by GH¢ 3.17 to close at GH¢ 34.94, a remarkable jump from its previous close of GH¢ 31.77. The bank’s strong fundamentals and dividend history appear to be driving renewed interest.
Societe Generale Ghana PLC also posted impressive gains, climbing GH¢ 0.56 to end the session at GH¢ 6.21, while Ecobank Transnational Inc. added GH¢ 0.10 to close at GH¢ 2.20.
SIC Insurance Company gained GH¢ 0.11 to close at GH¢ 4.57, and Scancom PLC rose by GH¢ 0.18 to GH¢ 6.28 on the back of heavy volume, with over 2.8 million shares traded.
Laggards: TotalEnergies and Enterprise Group slide
On the flip side, TotalEnergies Marketing Ghana PLC recorded the steepest decline, shedding GH¢ 3.71 to close at GH¢ 34.57, despite opening at GH¢ 38.28. The sharp drop suggests profit-taking or bearish sentiment around the oil marketing sector.
Enterprise Group PLC also dipped marginally by GH¢ 0.01 to GH¢ 11.29, though volumes remained moderate.
Top traded stocks
Scancom PLC dominated activity, with over 2.8 million shares changing hands, followed by CAL Bank with 1.2 million shares and Ecobank Transnational Inc. with nearly 120,000 shares. The day’s highest value traded also came from Scancom PLC at GH¢ 17.72 million.
Most other equities, including Access Bank, ADB, AngloGold Ashanti, Fan Milk, Standard Chartered Bank, and Unilever, closed flat with no price changes. The Ghana Alternative Market and ETF segments saw zero or negligible activity.
Gainers list
GCB Bank PLC gained GH¢ 3.17 to close at GH¢ 34.94.
Societe Generale Ghana PLC gained GH¢ 0.56 to close at GH¢ 6.21.
Scancom PLC gained GH¢ 0.18 to close at GH¢ 6.28.
SIC Insurance Company gained GH¢ 0.11 to close at GH¢ 4.57.
Ecobank Transnational Inc. gained GH¢ 0.10 to close at GH¢ 2.20.
Laggards List
TotalEnergies Marketing Ghana PLC lost GH¢ 3.71 to close at GH¢ 34.57.
Enterprise Group PLC lost GH¢ 0.01 to close at GH¢ 11.29.
All other actively traded stocks remained unchanged. Unusual intraday activity was recorded in Fan Milk PLC, which last traded at GH¢ 12.00, but the official closing price was held flat at GH¢ 12.55.