GSE Market Cap Hits GH¢256bn as MTN Ghana Drives Trading Surge with 1.3 Million Shares

The Ghana Stock Exchange (GSE) extended its bullish run for a third straight session on Wednesday, pushing total market capitalisation to GH¢256.44 billion. The gain reflects renewed investor confidence, with strong demand across telecom, banking, and insurance stocks driving momentum on the Accra bourse.

The benchmark GSE Composite Index climbed 250.53 points to close at 13,530.25, marking its highest level since the recent March correction. The GSE Financial Stocks Index also advanced, adding 6.5 points to settle at 8,046.42, as financial equities continued to attract steady buying interest.

Market activity remained robust, with over 1.65 million shares traded worth more than GH¢10.5 million. MTN Ghana, listed as Scancom PLC, dominated trading once again, accounting for roughly 81% of total volume with 1.34 million shares exchanged. The telecom giant closed higher at GH¢5.79, reinforcing its position as the market’s key driver.

In the banking and insurance segment, GCB Bank posted strong gains, while SIC Insurance and Ecobank Transnational also ended the session in positive territory. However, Access Bank Ghana recorded the sharpest decline of the day, weighing slightly on the broader financial sector despite overall bullish sentiment.

Elsewhere, Benso Palm Plantation maintained its GH¢100 share price, underscoring stability in select blue-chip counters, while several listed equities remained unchanged. Year-to-date performance remains strong, with the GSE Composite Index up 54.27% and the Financial Stocks Index surging 73.15%, signalling sustained investor optimism in Ghana’s capital market.

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