The Ghana Stock Exchange (GSE) ended the trading week on a resurgent note on Friday, March 13, 2026, with both key market indices posting fresh gains, market capitalisation surpassing GH₵292 billion, and a sharp surge in share volume putting a strong finish on what has been a remarkable week for Ghanaian equities.
A total of 20,271,692 shares valued at GH₵26,331,329.26 changed hands during the 7,172nd trading session, representing a 297% improvement in share volume compared with Thursday’s session, though turnover declined by 24% in value terms.
The benchmark GSE Composite Index (GSE-CI) rose 86.33 points, or 0.56%, to close at 15,611.32, up from 15,524.99 at Thursday’s close. The GSE Financial Stocks Index (GSE-FSI) advanced 137.61 points, or 1.38%, to reach 10,145.30. Both indices have now extended a sustained rally that has made Ghana one of the standout equity markets globally so far in 2026. Year to date, the GSE-CI has gained 78% while the GSE-FSI has surged 118.31% since January 1.
Ecobank Transnational Incorporated (ETI) led all gainers with a 9.82% appreciation, closing at GH₵2.46 per share, followed by Clydestone Ghana at 9.21%, Enterprise Group at 4.43%, and Republic Bank Ghana at 2.54%. Ghana Oil Company (GOIL) also posted a modest gain of GH₵0.01 to close at GH₵7.32.
On the losing side, Societe Generale Ghana recorded the steepest decline of the session, falling 5.28% to close at GH₵10.76, followed by Fan Milk down 4.58%, SIC Insurance Company down 1.29%, and CalBank which slipped 1.14% to close at GH₵0.87.
CalBank was the session’s dominant counter by volume, with 18,581,479 shares traded for a value of GH₵16,168,542.49, accounting for the bulk of the day’s activity.
The week’s aggregate performance underscored the depth of the current rally. The GSE-CI opened Monday at 14,587.17 and closed Friday at 15,611.32, a weekly gain of more than 1,000 index points across five sessions. Total market capitalisation at the close of Friday’s session stood at GH₵292.58 billion. Analysts attribute the sustained momentum to falling Treasury bill yields, declining inflation now at 3.3%, and a reallocation of institutional capital from fixed income into equities as risk-free returns diminish.
