The Ghana Stock Exchange (GSE) closed out a punishing week on Friday with a fourth consecutive session of sharp declines, as sustained selling across banking and telecoms counters dragged the benchmark GSE Composite Index (GSE-CI) lower and wiped further billions from investor portfolios.
The GSE-CI shed 566.53 points to close at 12,989.79, while the GSE Financial Stocks Index (GSE-FSI) fell 267.80 points to settle at 8,374.06. Market capitalisation contracted to GH¢245.61 billion from GH¢255.21 billion at Thursday’s close, extending a four-day rout that has now erased well over GH¢39 billion in market value since Tuesday.
Year to date, the GSE-CI has returned 48.11 percent and the GSE-FSI 80.20 percent since January 1, 2026, substantially paring gains that exceeded 80 percent at the index’s peak earlier in March when the GSE-CI breached the 15,000-point milestone for the first time in the exchange’s history.
Scancom PLC (MTNGH), the telecoms giant listed as MTN Ghana, remained the centrepiece of Friday’s session and the primary engine of the week’s correction. The stock fell GH¢0.36 to close at GH¢5.03, with 13,816,222 shares changing hands, accounting for more than 91 percent of the session’s total volume. MTNGH generated GH¢69,501,204.36 of the session’s GH¢70,647,309.36 total turnover, underscoring how heavily the market’s direction has been tied to a single counter throughout the week.
Among other active movers, Societe Generale Ghana PLC (SOGEGH) fell GH¢0.78 to GH¢7.08, GCB Bank PLC (GCB) dropped GH¢3.70 to GH¢33.38, SIC Insurance Company PLC (SIC) eased GH¢0.12 to GH¢3.37, and Ecobank Transnational Inc. (ETI) shed GH¢0.14 to close at GH¢1.66. Ghana Oil Company PLC (GOIL) and Atlantic Lithium Ltd (ALLGH) were among the rare gainers, rising GH¢0.19 to GH¢7.86 and GH¢0.03 to GH¢6.55 respectively. Benso Palm Plantation PLC (BOPP) held its triple-digit position, closing unchanged at GH¢100.00 on 1,000 shares traded.
The majority of listed stocks registered no price movement during the session, with Access Bank Ghana (ACCESS), Ecobank Ghana (EGH), Enterprise Group (EGL), Standard Chartered Bank Ghana (SCB), GCB Bank (GCB), Guinness Ghana Breweries (GGBL), and TotalEnergies Marketing Ghana (TOTAL) among those recording flat closes.
On the Ghana Alternative Market (GAX), Intravenous Infusions Limited (IIL) was the sole active counter, with 897,560 shares traded at an unchanged price of GH¢0.05, generating turnover of GH¢44,878.
Total shares traded for the session reached 15,018,221, with aggregate value of GH¢70,647,309.36. Friday’s session was the 7,180th in the exchange’s history.
