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Telecoms and financials drive historic highs on the GSE

1. Record-Breaking Index Performance

The market pushed into uncharted territory this week, crossing historic milestones fueled by heavy buying interest.

  • GSE Composite Index (GSE-CI): Surged to close at 12,869.20. It gained 334.89 points (2.67%) on Friday alone, capping a phenomenal 1-week gain of 9.01%. This pushes the overall Year-to-Date (YTD) gain to an impressive 46.74%.
  • GSE Financial Stocks Index (GSE-FSI): Jumped by 5% on Friday to settle at 7,692.88, recording a massive 1-week gain of 17.25% and bringing its YTD growth to 65.54%.
  • Market Capitalization: Hit an all-time high, climbing to GH¢ 235.74 billion.

2. Trading Volume & The MTN Rally

Friday witnessed a spectacular frenzy of market activity:

  • A massive 24.11 million shares changed hands in a single day, valued at over GH¢ 135.7 million (a 513% improvement in volume compared to Thursday).
  • MTN Ghana (Scancom PLC) was the absolute standout, dominating the market with 22.87 million shares traded. The telecommunications giant drove much of the market's value after announcing record-breaking 2025 profits and a proposed final dividend of GH₵0.40 per share.

3. Weekly Top Gainers and Losers (7-Day Performance)

Market breadth for the week was heavily positive, with insurance and banking stocks completely dominating the rally.

Top Gainers:

  • SIC: +57.9%
  • SOGEGH: +52.0%
  • EGL: +51.1%
  • ACCESS: +35.7%
  • SCB: +33.0%

The Lone Loser:

  • CAL: -7.4%

see all gainers and losers at Valley Terminal

The banking and telecommunications sectors clearly led the charge in pushing the exchange to these new highs.