Investors push market capitalisation to GH¢230.25bn on GSE
Benchmark indices on the Ghana Stock Exchange (GSE) advanced in Thursday’s trading session as investors increased demand for selected equities, driving total market capitalisation to GH¢230.25 billion.
The rally was largely supported by sustained buying in financial and telecommunications stocks, reflecting growing confidence in listed counters.
Data from SIC Brokerage Ltd. showed that the GSE Composite Index (GSE-CI) gained 274.78 points to close at 12,534.31.
This lifted its year-to-date return to 42.92 per cent. The GSE Financial Stocks Index (GSE-FSI) also rose sharply by 345.10 points to 7,326.74, extending its year-to-date gain to 57.66 per cent.
The strong performance was underpinned by price appreciations across a number of equities. Bopp led the gainers, adding GH¢6.59 to close at GH¢72.60, while Access Bank Ghana climbed GH¢3.15 to GH¢35.05. EGH, SOGEGH, EGL, GCB Bank, ETI, FML, RBGH, SIC Insurance and UNIL also recorded gains.
Despite the rally in indices, trading activity moderated compared to the previous session. Total volume traded declined by 14.37 per cent to 3.93 million shares.
The total value of shares traded also fell by 20.75 per cent to GH¢24.05 million.
MTN Ghana emerged as the most actively traded equity by value, accounting for GH¢16.47 million from 2.96 million shares exchanged. It was followed by SOGEGH with GH¢2.05 million, EGH with GH¢1.17 million, GLD with GH¢948,259.68 and GCB Bank with GH¢808,273.27.
On the losers’ side, CAL Bank and MTN Ghana recorded marginal declines of GH¢0.01 and GH¢0.02, respectively. However, the losses were not significant enough to dampen overall market momentum.
January review
A review of market activity for January 2026 showed that the GSE Composite Index recorded a month-on-month gain of 236.26 points. This translated into a 2.69 per cent year-to-date return, compared with 6.97 per cent over the same period last year.
The GSE Financial Stocks Index also climbed by 285.25 points in January, delivering a 6.14 per cent year-to-date gain. Market turnover strengthened during the month, with volumes traded surging by 90.51 per cent and total value traded rising by 156.65 per cent month-on-month.
Top price gainers in January included CAL Bank, which advanced by 26.56 per cent, CPC with 20.00 per cent, EGH with 15.72 per cent and Bopp with 12.15 per cent. In contrast, GLD recorded the steepest decline, shedding 27.77 per cent of its market price.
The latest performance builds on the recovery seen on the bourse over the past year, supported by easing inflationary pressures, relative exchange rate stability and tighter monetary conditions.
Analysts said sustained reforms and improved liquidity conditions would be key to maintaining momentum on the GSE in the months ahead.