GSE market capitalisation surpasses GH¢300 billion as stocks record gains
The Ghana Stock Exchange recorded a modest increase in trading activity at the close of its March 17, 2026 session, with gains in key indices pushing total market capitalisation beyond the GH¢300 billion mark for the first time.
Data from the exchange shows that the benchmark GSE Composite Index rose by 23.24 points to close at 15,868.11, lifting its year to date return to 80.93 percent. The GSE Financial Stocks Index also advanced by 94 points, bringing its year to date return to 124.83 percent.
The upward movement reflects continued investor interest in selected equities, with both indices ending the trading session on a positive note.
However, market activity suggested mixed sentiment among investors, as several stocks recorded declines despite the overall gains.
Among the top performers, Republic Bank Ghana and GOIL led the gainers, with their share prices rising by GH¢0.26 and GH¢0.16 to close at GH¢4.69 and GH¢7.60 respectively. Ecobank Transnational Incorporated and Clydestone also recorded moderate gains.
On the losing side, SIC Insurance Company and TotalEnergies posted the biggest declines, shedding GH¢0.62 and GH¢0.14 to close at GH¢5.59 and GH¢39.99 respectively. Other stocks that ended lower included CAL Bank, Enterprise Group, Fan Milk, Guinness Ghana Breweries Limited, and MTN Ghana.
In terms of trading activity, MTN Ghana dominated the market, recording a traded value of GH¢1.98 million and a volume of 314,415 shares. This accounted for about 45.28 percent of total market turnover. Ecobank Transnational Incorporated and CAL Bank followed with notable traded values.
A key highlight of the session was the rise in total market capitalisation, which climbed to GH¢301.86 billion from GH¢299.56 billion in the previous session, crossing the GH¢300 billion threshold.
Total traded volume increased by 3.94 percent to 1.38 million shares. However, the value of trades declined by 18.34 percent to GH¢4.37 million, suggesting a shift towards lower priced equities.
Market analysts note that while the exchange continues to show resilience, sustained growth will depend on liquidity levels, investor confidence, and broader macroeconomic conditions.
On the corporate front, AngloGold Ashanti is set to pay a fourth quarter 2025 dividend of US$1.73 on March 27, 2026. MTN Ghana is also expected to pay a final dividend of GH¢0.40 for the 2025 financial year on April 10, 2026.
