The Ghana Stock Exchange (GSE) closed the week ending July 25, 2025, on a robust high, propelled by vigorous trading activity led by market heavyweight MTN Ghana.
The benchmark GSE Composite Index surged 117.39 points to settle at 6,673.11, cementing a significant year-to-date gain of 36.51 percent. This upward momentum underscores sustained investor confidence in the equities market under the Mahama administration.
While the GSE Financial Stocks Index saw only marginal movement, edging up 0.16 points to 3,412.29, its year-to-date performance remains impressive at 43.33 percent growth. Trading activity intensified notably as the week progressed, culminating in a substantial Friday session where 25.9 million shares valued at GH₵100.9 million changed hands. This surge contributed heavily to the week’s total turnover of 35.5 million shares worth approximately GH₵140 million.
MTN Ghana dominated proceedings, driving both volume and value significantly. Its share price climbed 11 pesewas to close at GH₵3.25, with over 25 million shares traded on Friday alone – representing more than 80% of the session’s total market value. This performance reaffirmed the telecom giant’s pivotal influence on overall index movements and market liquidity.
Other notable movements included Republic Bank Ghana, which gained one pesewa to close at GH₵0.93. The NewGold ETF added 35 pesewas to reach GH₵373.75. Société Générale Ghana was a rare decliner, dipping one pesewa to GH₵1.97. Earlier in the week, mixed activity was seen in stocks like Fan Milk, GOIL, and CAL Bank as investors adjusted positions ahead of earnings season.
Trading patterns revealed cautious starts giving way to strong finishes. Activity slowed considerably mid-week before rebounding sharply on Thursday and peaking dramatically on Friday. Market capitalization now stands at GH₵142.18 billion. Despite the strong annual gains, analysts note the market’s continued reliance on a few major stocks, particularly MTN Ghana, for driving overall liquidity and direction amidst broader economic conditions.
