The Ghana Stock Exchange (GSE) recorded incremental growth during Thursday’s trading session on April 24, 2025, with the benchmark GSE Composite Index (GSE-CI) rising 3.31 points to close at 6,061.59.
The GSE Financial Stocks Index (GSE-FSI) also edged upward by 3.51 points, settling at 3,095.73. Total traded value reached GH¢12.73 million, driven by activity in blue-chip equities and exchange-traded funds.
Scancom PLC (MTNGH), parent company of MTN Ghana, dominated trading with 2.15 million shares exchanged, accounting for GH¢6.44 million nearly half of the day’s total value. The telecom giant’s shares held steady at GH¢3.00, unchanged from its opening price. Energy sector players also saw robust activity: TotalEnergies Marketing Ghana PLC (TOTAL) traded 14,460 shares at GH¢24.51 apiece, contributing GH¢354,414.60 to the session’s turnover, while Standard Chartered Bank Ghana (SCB) closed at GH¢26.20 after a GH¢50,566 trade.
Market breadth remained mixed, with Enterprise Group Ltd. (EGL) and GCB Bank Ltd. (GCB) posting marginal gains of GH¢0.01 and GH¢0.09, respectively. In contrast, Aluworks PLC (ALW) and PBC Ltd. (PBC) recorded zero trading activity, reflecting persistent investor caution toward smaller-cap stocks. NewGold ETF (GLD), tracking gold prices, slid 1.14% to GH¢484.02 amid broader commodity market fluctuations.
The Ghana Alternative Market (GAX), designed for emerging companies, reported no trades across its listed entities, including Samba Foods Ltd. (SAMBA) and Meridian Marshalls Holding Company (MMH). This stagnation highlights ongoing challenges for smaller firms in attracting liquidity despite lower listing requirements.
Year-to-date, the GSE-CI and GSE-FSI have risen 0.24% and 0.30%, respectively, signaling cautious optimism in a market still recovering from macroeconomic headwinds. Analysts note that institutional interest in high-liquidity stocks like MTNGH and TOTAL continues to anchor stability, while retail investors remain sidelined.
Thursday’s session underscores a bifurcated market: technology and energy sectors drive volume, while traditional industries and small caps struggle to gain traction. With no major corporate announcements or dividend declarations this week, traders anticipate sideways movement in the near term, pending fresh catalysts.
