GOIL, MTN Ghana Lead Historic Rally as GSE Composite Index Breaks 15,000 Barrier

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The Ghana Stock Exchange (GSE) recorded a historic trading session on Tuesday as the benchmark GSE Composite Index surged past the 15,000-point mark for the first time in its history.

Market data from the 7,169th trading session held on March 10, 2026 showed the index closing at 15,185.49, representing a remarkable gain of 598.32 points.

The GSE Financial Stocks Index also posted strong gains, rising 252.74 points to close at 9,538.68, reflecting robust investor interest in banking and financial sector equities.

Meanwhile, total market capitalisation expanded dramatically to GH¢277.97 billion, up from GH¢267.45 billion recorded in the previous session.

Trading activity was equally strong, with 2,503,371 shares exchanged, generating a total market value of GH¢24,014,498.26.

Standard Chartered leads banking rally

Shares of Standard Chartered Bank Ghana PLC delivered the strongest single-stock performance of the day, soaring GH¢6.28 to close at GH¢69.14.

Other banking stocks remained stable despite significant trading volumes. GCB Bank PLC closed unchanged at GH¢52.00, with 154,831 shares traded, generating GH¢8,052,212 in market value.

Similarly, Access Bank Ghana PLC ended the session flat at GH¢46.64.

GOIL and MTN Ghana drive market momentum

Energy and telecom stocks were among the major drivers of the rally.

Shares of Ghana Oil Company Limited (GOIL) climbed GH¢0.21 to close at GH¢6.60, with 756,136 shares traded, making it the second most active stock of the day.

Telecommunications giant Scancom PLC continued its strong run, gaining GH¢0.39 to close at GH¢6.33.

MTN Ghana recorded the highest trading volume, with 1,187,562 shares exchanged, contributing GH¢7,509,411.87 to the total market value.

Insurance and banking stocks post gains

Several other stocks also recorded positive movements during the session.

SIC Insurance Company PLC advanced GH¢0.54 to close at GH¢5.98, while Republic Bank (Ghana) PLC rose GH¢0.29 to GH¢3.26.

Shares of Ecobank Transnational Incorporated gained GH¢0.17, ending the session at GH¢1.91.

Pharmaceutical company Dannex Ayrton Starwin PLC also posted a modest gain of GH¢0.03, closing at GH¢0.41.

Societe Generale records slight decline

The only stock to record a decline was Societe Generale Ghana PLC, which slipped GH¢0.02 to close at GH¢11.37.

Stocks that remained unchanged

A number of companies recorded no price movement during the trading session. These included Agricultural Development Bank, AngloGold Ashanti, Benso Palm Plantation PLC, Enterprise Group PLC, Fan Milk PLC, Guinness Ghana Breweries PLC, TotalEnergies Marketing Ghana PLC, Unilever Ghana PLC, and Tullow Oil PLC, among others.

Market rally continues

The rally on the Ghana Stock Exchange has been extraordinary so far in 2026.

The GSE Composite Index has now recorded a year-to-date gain of 73.15 percent, while the Financial Stocks Index has surged 105.26 percent, effectively doubling investor capital in just over two months.

Market analysts say the strong momentum has persisted since late February, with investors increasingly optimistic about the outlook for listed companies.

Attention is now turning to the 16,000-point level, which could become the next psychological milestone for the market if the rally continues.

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