Valley LogoBETA
Back

Investor confidence boosts stocks

1. Exceptional Market Performance & Record Highs

The GSE had an incredibly strong run this week, driven by cooling inflation (which fell to 3.8% in January) and recent interest rate cuts.

By the close of trading on Friday, February 20, 2026:

  • GSE Composite Index (GSE-CI): Soared by 420.98 points (3.7%) to close at 11,805.68. This caps off a massive 1-week gain of 15.06%, bringing the year-to-date (YTD) gain to a stellar 34.61%.
  • GSE Financial Stocks Index (GSE-FSI): Climbed 3.71% to reach 6,561.08 points, pushing its YTD growth to 41.18%.
  • Market Capitalization: Reached GHS 217.2 billion.
  • Trading Volume: A total of 3.48 million shares traded on Friday alone, valued at GHS 24.75 million. CalBank led the pack in volume with 1.5 million shares traded, followed by Fan Milk (1.02 million) and MTN Ghana (626,480).

2. Top Gainers and Losers (as of Feb 20)

The market breadth was overwhelmingly positive, with 13 equities advancing and only 1 declining.

  • Top Gainers: * NewGold ETF (GLD): +12.71% (closing at GHS 526.06 per share)

  • Enterprise Group (EGL): +10.00%

  • Societe Generale Ghana (SOGEGH): +9.97%

  • SIC Insurance Company (SIC): +9.78%

  • Access Bank (ACCESS): +9.65%

  • The Lone Loser: TotalEnergies Marketing Ghana (TOTAL) dipped slightly by 0.10%.

3. Key Corporate News & Announcements

  • Atlantic Lithium Trading Halt (Feb 19): Atlantic Lithium Limited (listed on the GSE as ALLGH) requested a trading halt on the Australian Securities Exchange (ASX). This was to address market speculation regarding the potential ratification of its Ewoyaa Mining Lease in Ghana and discussions about a corporate transaction. The halt is expected to lift by February 23.
  • Tullow Oil Developments (Feb 20): Tullow announced a major refinancing transaction and a lock-up agreement with noteholders. Additionally, the company announced that the Ghanaian Parliament ratified the extension of its West Cape Three Points and Deep Water Tano Petroleum Agreements (covering the Jubilee and TEN fields).
  • MTN Group Infrastructure Move (Feb 17): MTN Group (parent of GSE-listed MTNGH) announced a proposed $2.2 billion transaction to acquire the remaining 75.3% of IHS Towers it doesn't already own, aiming to reintegrate critical digital infrastructure across Africa.

The GSE is currently experiencing a massive bull run, largely fueled by a stabilizing macroeconomic environment in Ghana.