The Ghana Stock Exchange recorded slight upward movements in its benchmark indices during trading session 6953 on April 28, 2025, with telecommunications giant MTN Ghana emerging as the day’s most active stock.
The GSE Composite Index edged up 0.06% to close at 6,065.10 points, while the Financial Stocks Index rose 0.16% to 3,099.34 points, extending year-to-date gains to 0.24% and 0.30%, respectively.
MTN Ghana (MTNGH) dominated trading volumes, accounting for 707,750 shares worth GH¢2.12 million at a stable price of GH¢3.00. TotalEnergies Marketing Ghana (TOTAL) followed with GH¢4.02 million in traded value, though its share price dipped marginally by GH¢0.01 to GH¢24.51. Cal Bank (CAL) saw moderate activity, with 8,206 shares changing hands amid a 4.4% price decline to GH¢0.65.
The session’s total traded volume reached 885,171 shares valued at GH¢6.15 million, reflecting cautious investor sentiment. Most listed equities, including banking stocks like GCB Bank (GCB) and Standard Chartered Bank Ghana (SCB), remained static in price. The alternative market (GAX) reported no trading activity across its listings, including Samba Foods Limited.
Notable financial metrics from company profiles revealed mixed fundamentals. MTN Ghana maintained a price-to-earnings ratio of 7.9 based on 2024 earnings, while TotalEnergies traded at a higher P/E of 9.5. AngloGold Ashanti (AGA), though untraded, boasted the largest market capitalization at GH¢18.6 billion. The broader market capitalization stood at GH¢135.6 billion, with financial stocks constituting nearly 60% of the total.
Market analysts note the incremental gains align with recent trends of stability in Ghana’s equity market, which has seen reduced volatility compared to previous years. The persistent inactivity in small-cap and GAX-listed stocks underscores ongoing challenges in attracting liquidity to smaller enterprises.
With macroeconomic indicators showing gradual improvement, investors appear focused on blue-chip stocks offering relative stability and dividend potential. The exchange’s performance this week will likely hinge on corporate earnings disclosures and broader regional economic developments.
