Stocks open week low as market capitalisation sheds GH¢156 Million
Equities opened the week on a low note, with the benchmark Ghana Stock Exchange Composite Index (GSE-CI) falling by 9.31 points to close at 6,344.23 on Monday, May 27, 2025, slightly reducing the index’s year-to-date return to 29.78%.
The pullback comes despite a surge in trade volumes and heightened activity across several counters.
Losses in heavyweights such as MTN Ghana (MTNGH), CAL Bank, and the gold-backed ETF GLD weighed on the broader market, pushing the GSE’s market capitalisation down by GH¢155.82 million to GH¢139.14 billion.
The market’s downward momentum came even as the GSE Financial Stock Index (GSE-FSI) climbed 16.88 points to 3,192.14, extending its year-to-date gain to a robust 34.08%.
Trade volumes more than doubled from the previous session, rising 104% to 425,087 shares, while turnover surged by nearly 208% to GH¢1.25 million.
The volume spike was driven primarily by MTNGH, which led trading with 271,112 shares worth GH¢864,402.10 changing hands.
ETI, CAL, ACCESS, and ALLGH rounded out the top five most actively traded stocks by volume.
MTNGH fell by 2 pesewas to GH¢3.18, extending its year-to-date decline to 27.2%, while CAL Bank edged lower by 1 pesewa to GH¢0.59.
GLD saw the steepest drop of the session, shedding GH¢13.90 to close at GH¢359.72.
ACCESS Bank Ghana emerged as the sole gainer, rallying 10% to GH¢10.12 and pushing its year-to-date gain to an impressive 94.62%, underscoring its standout performance in what has otherwise been a mixed earnings and trading environment.
SP/MA
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