Financial sector equities dominated trading on the Ghana Stock Exchange (GSE) during the week ending June 20, 2025, as the market closed with active volumes and divergent price movements across key stocks.
The GSE Composite Index (GSE-CI) edged higher to 6,210.28 points by Friday, a net gain for the week despite daily volatility. Market capitalization settled at GHS 136.84 billion, reflecting modest overall growth.
Telecom and banking shares led activity. MTN Ghana (MTNGH) traded millions of cedis worth of shares, closing Friday at GH¢2.95 after fluctuating throughout the week. Standard Chartered Bank (SCB) recorded significant gains, rising GH¢0.73 to GH¢27.00 and contributing substantially to the GSE Financial Stocks Index (GSE-FSI) increase of 9.84 points. GCB Bank advanced GH¢0.43 to GH¢9.33, while Access Bank Ghana gained GH¢0.48 to GH¢13.60. Conversely, CAL Bank declined GH¢0.02 to close at GH¢0.54.
Commodity-linked securities showed mixed performance. The gold-backed ETF (GLD) experienced sharp volatility, dropping from GH¢388.43 to GH¢358.88 across the week before a marginal recovery. GOIL edged up 1 pesewa to GH¢2.00 with limited volume. Insurance firm SIC rose steadily, climbing from GH¢1.10 to GH¢1.12 by Thursday’s close. TotalEnergies Marketing Ghana (TOTAL) dipped GH¢0.03 midweek to GH¢25.00 before stabilizing.
Trading volumes and values fluctuated significantly. Monday opened quietly with 426,187 shares valued at GHS 1.18 million. Activity surged Tuesday to over 3.4 million shares worth GHS 12.68 million, though the index fell to 6,176.29. Wednesday saw reduced volume (254,134 shares) but the index recovered to 6,230.47. Thursday recorded 1.51 million shares traded (GHS 7.58 million value) with indices retreating, before Friday closed with 306,660 shares (GHS 5.87 million value) and indices recovering.
The GSE Financial Stock Index maintained its position as the year’s best-performing segment, returning nearly 40% year-to-date. Investor activity indicated cautious interest in value-driven equities within banking, telecoms, and gold-backed assets, against a backdrop of profit-taking in select counters.
Market performance continues to reflect evolving sentiment amid government economic reforms and global financial conditions, with liquidity and earnings outlooks influencing near-term trajectories.
