The Ghana Stock Exchange (GSE) kicked off 2025 with impressive gains, driven by substantial growth from key companies in the first quarter. Ecobank Transnational Incorporated (ETI) led the charge, seeing its share price soar by 174.19%, from 31 pesewas to 85 pesewas. The bank’s performance was supported by the trade of over 3.2 million shares, valued at more than GH₵2.3 million.
CAL Bank also showed remarkable growth, with its stock price increasing by 114.60%, from GH₵0.35 to GH₵0.75. The bank experienced a robust trading volume of 14.4 million shares, generating over GH₵6.7 million. Clydestone recorded a solid 100% increase in its stock value, rising from GH₵0.03 to GH₵0.06.
Totalenergies followed closely with an 83.54% rise in its share price, from GH₵13.12 to GH₵24.08, with over 43,000 shares traded, valued at approximately GH₵881,000. Other notable gainers included SIC Insurance, which rose by 81.48%, and Access Bank, which posted a 74.42% increase in its share price.
Overall, the GSE Composite Index saw a strong 27.19% increase, while the Financial Stock Index climbed 28.50%. Despite these positive movements, some stocks, such as Fan Milk, ADB, and Cocoa Processing Company Limited, saw no price changes during the quarter. Market analysts expect continued activity in the second quarter as companies begin releasing their results for the first three months of the year.
Source: citi newsroom