Standard Chartered, SIC Insurance and MTN Ghana headline a session that rewrote the record books
The Ghana Stock Exchange (GSE) benchmark index crossed 15,000 points for the first time in its history on Tuesday, closing session 7,169 at 15,185.49 after a single-day advance of 598.32 points, or 4.10 percent, as buying pressure across banking and telecoms stocks drove one of the most consequential trading days the bourse has seen.
The GSE Composite Index (GSE-CI) opened the session at 14,587.17, the level at which it had closed the previous Monday, and powered steadily higher throughout the day. The GSE Financial Stocks Index (GSE-FSI) kept pace, adding 252.74 points to settle at 9,538.68, its own fresh high. Market capitalisation jumped from GH¢267.45 billion to GH¢277.97 billion, a one-session expansion of more than GH¢10 billion.
Standard Chartered Leads the Charge
Standard Chartered Bank Ghana (SCB) was the standout individual performer, surging GH¢6.28 to close at GH¢69.14, a gain of nearly 10 percent that placed it at the top of the session’s winners. SIC Insurance Company followed with a GH¢0.54 advance to GH¢5.98, while Ecobank Transnational Incorporated (ETI) added GH¢0.17 to reach GH¢1.91. Republic Bank (Ghana) closed at GH¢3.26 after a GH¢0.29 gain, and Ghana Oil Company (GOIL) rose GH¢0.21 to GH¢6.60. Scancom (MTNGH), the parent entity of MTN Ghana, gained GH¢0.39 to close at GH¢6.33, while Dannex Ayrton Starwin recorded a modest GH¢0.03 advance to GH¢0.41. The session’s sole decliner was Societe Generale Ghana, which slipped GH¢0.02 to GH¢11.37.
Total shares traded reached 2,503,371, generating a combined value of GH¢24,014,498.26 — a 36 percent improvement in turnover compared to Monday’s session. Scancom was again the most heavily traded counter, with 1,187,562 shares changing hands for a value of GH¢7,509,411.87. Ghana Oil Company came second by volume at 756,136 shares, followed by GCB Bank with 154,831 shares.
A Year-to-Date Performance With Few Global Parallels
Since January 1, 2026, the GSE-CI has now gained 73.15 percent, a return that places Ghana at the top of Africa’s equity markets this year. The GSE Financial Stocks Index has more than doubled over the same period, posting a year-to-date gain of 105.26 percent. Even after adjusting for cedi depreciation of roughly 3 percent against the United States dollar since January, the index has delivered approximately 67.69 percent in dollar terms. The 15,000-point threshold was first breached and held in a single session, driven by the same banking and telecommunications stocks that have anchored the rally since late 2025.
