Valley LogoBETA
Back

Capitalisation Crosses GH¢251bn Amid Financials Rally

1. Market Performance & Historic Milestones

The Ghana Stock Exchange (GSE) maintained a strong bullish trend during the week ending March 6, 2026.

  • The GSE's market capitalization crossed a historic milestone of GH¢251 billion.
  • The market has delivered an impressive 56.6% year-to-date return to investors.
  • Over the past seven days, the broader market grew by approximately 12%.
  • This weekly growth was predominantly led by the Financials sector, which surged by 22%.
  • Activity was not limited to equities; the secondary bond market also saw significant strengthening, with aggregate turnover jumping 43% to reach GH¢2.98 billion over the past week.

2. Top Gainers and Losers (7-Day Performance)

Banking and consumer stocks led the charge this week, while the wider market saw strong buying interest.

Top Gainers:

  • Standard Chartered Bank Ghana (SCB): +61.0%
  • GCB Bank (GCB): +35.9%
  • GOIL: +33.6%
  • Guinness Ghana Breweries (GGBL): +21.1%
  • Access Bank (Ghana) (ACCESS): +21.0%
  • Societe Generale Ghana (SOGEGH): +20.5%
  • Ecobank Ghana (EGH): +9.4%
  • MTN Ghana (MTNGH): +6.5%

The Laggards:

  • CalBank (CAL): -1.1%

3. Macroeconomic & Sector Outlook

The sustained rally is heavily supported by an improving domestic economic landscape.

  • The Bank of Ghana recently affirmed that the country's banking sector remains robust against adverse macroeconomic developments.
  • The central bank also projects that inflation will trend at the lower end of its 8 ± 2% target range throughout 2026.
  • Looking ahead, market analysts are highly optimistic about the Financials sector, forecasting an annual earnings growth of 24% over the next five years.
  • This forecasted growth rate for Financials significantly outpaces the sector's historical 14% annual earnings growth.