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MTN Ghana rebounds as Ghana Stock Exchange snaps 4-day losing streak

Kweku Zurek Business News Mar - 30 - 2026 , 16:09

The Ghana Stock Exchange (GSE) snapped a four-day losing streak on Monday, with the GSE Composite Index (GSE-CI) adding 105.77 points to close at 13,095.56, as investors returned to select counters following last week's brutal sell-off.

Trading data for the 7,181st session, held on March 30, 2026, showed a tentative recovery in market sentiment, though the GSE Financial Stocks Index (GSE-FSI) continued its decline, shedding 178.99 points to settle at 8,195.07.

Market capitalisation edged up to GH¢246.48 billion, from Friday's GH¢245.61 billion, signalling cautious optimism after a week of steep declines.

Total volume of shares traded for the session reached 2,162,178, with aggregate value hitting GH¢11,795,005.03.

MTN Ghana leads recovery

Scancom PLC (MTNGH) rebounded strongly from recent losses, surging by GH¢0.25 to close at GH¢5.28. The telecommunications giant was the most actively traded counter, with 1,203,354 shares changing hands, contributing GH¢6,372,721.13 to total market value—more than half of the session's turnover.

The recovery followed a four-day decline that had seen the stock shed more than 20 per cent of its value from its all-time high of GH¢6.53 reached earlier in the month.

GOIL extends gains

Ghana Oil Company Limited (GOIL) continued its positive run, adding GH¢0.02 to close at GH¢7.88. The oil marketing company attracted significant investor interest, with 118,942 shares traded.

Banking and financial stocks remain under pressure

Despite the broader index's recovery, financial stocks continued to face selling pressure. Ecobank Ghana PLC (EGH) fell GH¢0.50 to close at GH¢49.50, while GCB Bank PLC (GCB) plunged GH¢3.33 to GH¢30.05.

Societe Generale Ghana PLC (SOGEGH) declined by GH¢0.41 to GH¢6.67, and TotalEnergies Marketing Ghana PLC (TOTAL) shed GH¢1.49 to GH¢34.64. Fan Milk PLC (FML) fell GH¢0.37 to GH¢12.98, while Republic Bank (Ghana) PLC (RBGH) edged down GH¢0.11 to GH¢4.71.

SIC Insurance Company PLC (SIC) dipped GH¢0.03 to GH¢3.34, Cal Bank PLC (CAL) fell GH¢0.02 to GH¢0.69, and Ecobank Transnational Inc. (ETI) declined GH¢0.03 to GH¢1.63.

BOPP holds steady

Benso Palm Plantation PLC (BOPP) maintained its historic triple-digit price level, closing unchanged at GH¢100.00, with 2,203 shares traded, contributing GH¢220,300 to total market value.

First Atlantic Bank records modest gain

First Atlantic Bank PLC (FAB) added GH¢0.78 to close at GH¢8.62, marking a notable gain among financial stocks.

Unchanged stocks

A significant number of stocks recorded no price movement during Monday's session, including Access Bank (ACCESS), Agricultural Development Bank (ADB), AngloGold Ashanti (AGA), Aluworks (ALW), Asante Gold Corporation (ASG), Atlantic Lithium (ALLGH), Clydestone (CLYD), Camelot (CMLT), Cocoa Processing Company (CPC), Dannex Ayrton Starwin (DASPHARMA), Enterprise Group (EGL), Guinness Ghana Breweries (GGBL), Mega African Capital (MAC), PBC, Standard Chartered Bank (SCB), Trust Bank Gambia (TBL), Tullow Oil (TLW), Unilever (UNIL), and NewGold (GLD).

On the Ghana Alternative Market, Intravenous Infusions Limited (IIL) recorded active trading with 15,592 shares changing hands at an unchanged price of GH¢0.05.

Market summary

The GSE-CI has now gained 49.32 per cent since the start of the year, while the financial stocks index remains up 76.35 per cent year-to-date despite the recent correction.

Monday's session marked a modest recovery after last week's steep declines, with MTN Ghana's rebound providing the primary lift to the benchmark index. However, persistent weakness in banking and financial stocks suggests that investor caution remains elevated following the sharp correction from the record highs reached earlier in the month.

Gainers

Scancom PLC (MTNGH): GH¢ +0.25 (closed at GH¢5.28)

First Atlantic Bank PLC (FAB): GH¢ +0.78 (closed at GH¢8.62)

Ghana Oil Company Limited (GOIL): GH¢ +0.02 (closed at GH¢7.88)

Laggards

TotalEnergies Marketing Ghana PLC (TOTAL): GH¢ -1.49 (closed at GH¢34.64)

GCB Bank PLC (GCB): GH¢ -3.33 (closed at GH¢30.05)

Ecobank Ghana PLC (EGH): GH¢ -0.50 (closed at GH¢49.50)

Societe Generale Ghana PLC (SOGEGH): GH¢ -0.41 (closed at GH¢6.67)

Fan Milk PLC (FML): GH¢ -0.37 (closed at GH¢12.98)

Republic Bank (Ghana) PLC (RBGH): GH¢ -0.11 (closed at GH¢4.71)

SIC Insurance Company PLC (SIC): GH¢ -0.03 (closed at GH¢3.34)