MTN Ghana rises GH¢0.12 as GCB leads banking sell-off in quarter-end trading
The Ghana Stock Exchange (GSE) closed the first quarter of 2026 on a subdued note, with the GSE Composite Index (GSE-CI) slipping 35.43 points to finish at 13,060.13, as selling pressure in banking stocks offset gains in telecommunications.
Trading data for the 7,182nd session, held on March 31, 2026, showed elevated activity as investors positioned themselves ahead of the quarter-end, with total volume surging to 6,522,556 shares and aggregate value hitting GH¢39,027,143.05.
Market capitalisation settled at GH¢243.73 billion, reflecting a modest pullback from Monday’s close as the market wrapped up a volatile first three months of the year.
MTN Ghana leads gainers
Scancom PLC (MTNGH) continued its recovery from last week’s steep declines, adding GH¢0.12 to close at GH¢5.40. The telecommunications heavyweight was the most actively traded counter by a wide margin, with 5,425,723 shares changing hands—accounting for more than 83 per cent of all trading activity—and contributing GH¢29,280,069.98 to total market value.
Cocoa Processing Company PLC (CPC) recorded a gain of GH¢0.01 to close at GH¢0.11, while Clydestone (Ghana) PLC (CLYD) traded at GH¢1.08, though its closing price remained unchanged at GH¢0.99.
Banking stocks extend decline
GCB Bank PLC (GCB) led the laggards, plunging GH¢2.99 to close at GH¢27.06, with 233,976 shares traded. Societe Generale Ghana PLC (SOGEGH) fell GH¢0.18 to GH¢6.49, while Ecobank Transnational Inc. (ETI) shed GH¢0.14 to GH¢1.49.
Enterprise Group PLC (EGL) declined by GH¢0.23 to GH¢11.77, while SIC Insurance Company PLC (SIC) dipped GH¢0.04 to GH¢3.30. Ghana Oil Company Limited (GOIL) edged down GH¢0.04 to GH¢7.84, and Standard Chartered Bank Ghana PLC (SCB) eased GH¢0.07 to GH¢71.40.
BOPP holds steady
Benso Palm Plantation PLC (BOPP) maintained its historic triple-digit price level, closing unchanged at GH¢100.00, with 2,849 shares traded, contributing GH¢284,900 to total market value.
Unchanged Stocks
A significant number of 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), Atlantic Lithium (ALLGH), Cal Bank (CAL), Camelot (CMLT), Dannex Ayrton Starwin (DASPHARMA), Ecobank Ghana (EGH), Fan Milk (FML), First Atlantic Bank (FAB), Guinness Ghana Breweries (GGBL), Mega African Capital (MAC), PBC, Republic Bank (RBGH), Trust Bank Gambia (TBL), TotalEnergies (TOTAL), Tullow Oil (TLW), Unilever (UNIL), and NewGold (GLD).
On the Ghana Alternative Market, all stocks remained unchanged.
Quarter in review
The GSE-CI has now gained 48.91 per cent since the start of the year, while the financial stocks index remains up 71.86 per cent year-to-date, despite the sharp correction from record highs reached in mid-March.
The benchmark index touched an all-time high of 15,908.77 on March 18 before shedding nearly 18 per cent over the subsequent two weeks. The volatility reflected a combination of profit-taking in heavily weighted stocks, particularly MTN Ghana and banking counters, following an extraordinary rally earlier in the quarter.
Tuesday’s session brought the first quarter to a close, with investors now looking ahead to corporate earnings announcements and the broader macroeconomic outlook for the remainder of the year.