Ghana’s most important inventory index fell barely within the first week of June with a major drop in buying and selling, however the market stays properly forward this yr after document beneficial properties.
The GSE Composite Index (GSE-CI) fell 0.38% for the week, closing at 14,299.32 on Friday, June fifth. The GSE Monetary Inventory Index (GSE-FSI), which contracted in worth vary, moved in the wrong way, rising 0.74% to 7,911.44, supported by strong financial institution shares. The entire market worth elevated by 0.93% to roughly 265.4 billion cedis, however the common inventory worth of the whole inventory trade decreased by 0.41%.
There was little exercise. Quantity fell by about 37% from the earlier week to about 11 million shares, whereas buying and selling worth fell by about 20% to 90.7 million cedis, indicating that the market has turn into quieter and extra selective.
Ecobank Transnational Integrated led the gainers, rising 12.95% to 1.57 Cedis. The transfer is available in the identical week that the corporate permitted the group’s first dividend since 2022 at its shareholders’ assembly in Lomé on June 3. Complete Power Ghana rose 9.09%, CalBank rose 5.48% and GCB Financial institution rose 2.13%. On the dropping aspect, Zenith Financial institution Ghana fell by 12.47%, Benso Oil Palm Plantations fell by 6.43%, Ecobank Ghana fell by 6.27% and GOIL fell by 5.42%.
Buying and selling remained concentrated at a couple of counters. The Data and Communication Expertise sector, dominated by MTN Ghana, accounted for almost 69 per cent of quantity and about 54 per cent of worth this week, making MTN Ghana essentially the most traded inventory on each measures. GCB Financial institution and Zenith have been additionally the busiest.
A weak week has little affect on a powerful yr. The composite index is up about 63% since January, whereas the monetary index is up about 70%, following a 2025 improve by which the GSE was Africa’s best-performing inventory market with a return of almost 79%. The index first topped 16,000 factors in March however has since fallen again, with analysts linking the broad rise to decrease inflation, decrease rates of interest and monetary stability following Ghana’s debt restructuring. Its market worth has elevated by greater than half for the reason that starting of the yr.
