GSE Ends Week on Softer Note as Profit-Taking Trims Gains; Index Holds Above 14,800

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Ghana Stock Exchange
Ghana Stock Exchange

The Ghana Stock Exchange (GSE) closed Trading Session 7198 on Friday, April 24, 2026, on a cautious note, as profit-taking across several frontline stocks pulled the GSE Composite Index (GSE-CI) down by 61.46 points to settle at 14,873.11 from the previous session’s 14,934.57. The GSE Financial Stocks Index (GSE-FSI) also eased, losing 46.01 points to close at 8,841.04.

Despite Friday’s modest pullback, the week was broadly positive. The GSE-CI posted a solid 6.05 per cent gain over the prior week’s close of 14,024.22, while market capitalisation climbed nearly 5 per cent to GH¢278.98 billion, up from GH¢266.45 billion seven days earlier. Total value traded for the week surged 40.12 per cent to GH¢87.33 million, pointing to growing investor appetite for quality names across the bourse.

Friday’s Session

Friday’s session recorded total traded volume of 2,313,383 shares valued at GH¢20.29 million. Scancom PLC (MTNGH) was the session’s most active counter, with 1,156,511 shares changing hands at a closing volume-weighted average price (VWAP) of GH¢6.57, contributing GH¢7.60 million to total value traded. ZEN Petroleum Holdings followed with 471,465 shares worth GH¢2.57 million, while GCB Bank accounted for 71,514 shares valued at GH¢3.05 million.

Price Movers

Among the day’s gainers, Republic Bank Ghana (RBGH) stood out, adding GH¢0.49 to close at GH¢5.58, while SIC Insurance Company (SIC) advanced GH¢0.24 to GH¢5.38 and Societe Generale Ghana (SOGEGH) edged up GH¢0.01 to GH¢6.30.

On the losing side, GCB Bank (GCB) retreated GH¢2.46 to GH¢42.52, reflecting some selling pressure after a strong run earlier in the week. CAL Bank (CAL) slipped GH¢0.01 to GH¢0.89, MTNGH eased GH¢0.02 to GH¢6.57, and Ghana Oil Company (GOIL) lost GH¢0.07 to GH¢7.92. TotalEnergies Marketing Ghana (TOTAL) fell GH¢0.01 to GH¢34.54, extending its weekly decline. NewGold (GLD), the exchange-traded fund tracking gold, dropped GH¢5.83 to close at GH¢497.06.

Weekly Performance in Context

The broader market’s year-to-date performance now stands at a remarkable 62.16 per cent for the GSE-CI, while the financials index has gained 90.25 per cent since January 1. Republic Bank Ghana posted a year-to-date return of 319.55 per cent, while MTNGH has gained more than 56 per cent since the start of the year.

The finance sector dominated the week’s activity, accounting for 46.08 per cent of all shares traded. Total value traded year to date has surged 90.25 per cent compared to the same period last year, signalling that 2026 is shaping up to be a vintage year for the Accra bourse.

The GSE-CI’s year-to-date gain of 0.70 per cent and the GSE-FSI’s year-to-date advance of 0.90 per cent as reported in Friday’s official list reflect cumulative progress from the January 1, 2026 base, with momentum clearly accelerating through the first quarter and into April.

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