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Amid steep sell-off, GSE posts fourth consecutive decline

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The Ghana Stock Exchange (GSE) ended the week on a sombre note, with the GSE Composite Index (GSE-CI) shedding 566.53 points to close at 12,989.79, marking the fourth consecutive session of sharp declines.

Trading data for the 7,180th session, held on March 27, 2026, revealed sustained selling pressure across the bourse, with the GSE Financial Stocks Index (GSE-FSI) falling 267.8 points to settle at 8,374.06.

Market capitalisation contracted to GH¢245.61 billion, down from Thursday’s GH¢255.21 billion, as the week-long sell-off wiped billions off investor portfolios.

Total volume of shares traded for the session reached 15,018,221, with aggregate value hitting GH¢70,647,309.36.

MTN Ghana bears brunt of selling pressure

Scancom PLC (MTNGH) remained the epicentre of the market rout, plunging by GH¢0.36 to close at GH¢5.03. The telecommunications giant saw 13,816,222 shares change hands—accounting for more than 90 per cent of all trading activity—contributing GH¢69,501,204.36 to total market value.

The stock has now shed more than 20 per cent of its value over the past four sessions, reflecting sustained institutional profit-taking after a remarkable rally earlier in the year.

Banking stocks extend losses

Societe Generale Ghana PLC (SOGEGH) tumbled by GH¢0.78 to close at GH¢7.08, while GCB Bank PLC (GCB) fell GH¢3.70 to GH¢33.38. SIC Insurance Company PLC (SIC) declined by GH¢0.12 to GH¢3.37, and Ecobank Transnational Inc. (ETI) shed GH¢0.14 to GH¢1.66.

GOIL records lone gain among major stocks

Ghana Oil Company Limited (GOIL) bucked the downward trend, rising by GH¢0.19 to close at GH¢7.86. Atlantic Lithium Ltd (ALLGH) also recorded a marginal gain of GH¢0.03 to GH¢6.55.

BOPP holds steady at GH¢100

Benso Palm Plantation PLC (BOPP) maintained its historic triple-digit price level, closing unchanged at GH¢100.00, with 1,000 shares traded.

Unchanged stocks

A significant number of stocks recorded no price movement during Friday’s session, including Access Bank (ACCESS), Agricultural Development Bank (ADB), AngloGold Ashanti (AGA), Aluworks (ALW), Asante Gold Corporation (ASG), Cal Bank (CAL), Clydestone (CLYD), Camelot (CMLT), Cocoa Processing Company (CPC), Dannex Ayrton Starwin (DASPHARMA), Ecobank Ghana (EGH), Enterprise Group (EGL), Fan Milk (FML), First Atlantic Bank (FAB), Guinness Ghana Breweries (GGBL), Mega African Capital (MAC), PBC, Republic Bank (RBGH), Standard Chartered Bank (SCB), Trust Bank Gambia (TBL), TotalEnergies (TOTAL), Tullow Oil (TLW), Unilever (UNIL), and NewGold (GLD).

On the Ghana Alternative Market, Intravenous Infusions Limited (IIL) recorded active trading with 897,560 shares changing hands at an unchanged price of GH¢0.05.

Market summary

The GSE-CI has now gained 48.11 per cent since the start of the year, significantly paring earlier gains of over 80 per cent recorded earlier in the month. The financial stocks index remains up 80.20 per cent year-to-date despite the sharp correction.

Friday’s session brought a brutal week of trading to a close, with the benchmark index shedding more than 2,500 points from its record high of 15,908.77 reached on March 18, representing a decline of approximately 18 per cent from the peak.

Gainers

Ghana Oil Company Limited (GOIL): GH¢ +0.19 (closed at GH¢7.86)

Atlantic Lithium Ltd (ALLGH): GH¢ +0.03 (closed at GH¢6.55)

Laggards

Societe Generale Ghana PLC (SOGEGH): GH¢ -0.78 (closed at GH¢7.08)

GCB Bank PLC (GCB): GH¢ -3.70 (closed at GH¢33.38)

Scancom PLC (MTNGH): GH¢ -0.36 (closed at GH¢5.03)

Ecobank Transnational Inc. (ETI): GH¢ -0.14 (closed at GH¢1.66)

SIC Insurance Company PLC (SIC): GH¢ -0.12 (closed at GH¢3.37)

Unchanged Stocks

Access Bank Ghana PLC (ACCESS) — GH¢46.62

Agricultural Development Bank (ADB) — GH¢5.06

AngloGold Ashanti PLC (AGA) — GH¢37.00

Aluworks PLC (ALW) — GH¢0.10

Asante Gold Corporation (ASG) — GH¢8.89

Benso Palm Plantation PLC (BOPP) — GH¢100.00

Cal Bank PLC (CAL) — GH¢0.71

Clydestone (Ghana) PLC (CLYD) — GH¢0.99

Camelot Ghana PLC (CMLT) — GH¢0.14

Cocoa Processing Co. PLC (CPC) — GH¢0.10

Dannex Ayrton Starwin PLC (DASPHARMA) — GH¢0.41

Ecobank Ghana PLC (EGH) — GH¢50.00

Enterprise Group PLC (EGL) — GH¢12.00

Fan Milk PLC (FML) — GH¢13.35

First Atlantic Bank PLC (FAB) — GH¢7.84

Guinness Ghana Breweries PLC (GGBL) — GH¢15.94

Mega African Capital PLC (MAC) — GH¢5.20

PBC Ltd. (PBC) — GH¢0.02

Republic Bank (Ghana) PLC (RBGH) — GH¢4.82

Standard Chartered Bank Ghana PLC (SCB) — GH¢71.47

Trust Bank Gambia PLC (TBL) — GH¢1.20

TotalEnergies Marketing Ghana PLC (TOTAL) — GH¢36.13

Tullow Oil PLC (TLW) — GH¢11.92

Unilever Ghana PLC (UNIL) — GH¢28.46

NewGold (GLD) — GH¢546.00

Hords PLC (HORDS) — GH¢0.10

Intravenous Infusions Limited (IIL) — GH¢0.05

Digicut Production & Advertising PLC (DIGICUT) — GH¢0.09

Samba Foods PLC (SAMBA) — GH¢0.55

Meridian Marshalls Holding Company (MMH) — GH¢0.10

Source:
www.graphic.com.gh

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