THE Ghana Stock Exchange (GSE) suffered its biggest two-day drop of 2026 last Thursday, as heavy selling by investors pushed prices down across the market.
The GSE Composite Index (GSE-CI) fell by 884.49 points to close at 13,556.32. In just two days, the market has lost more than GH¢44 billion in value.
Trading data from the 7,179th session held on March 26, showed that total market capitalisation also dropped to GH¢255.21 billion, down from GH¢284.82 billion earlier in the week.
Even though trading activity was very high, it was mostly due to investors selling their shares.
A total of 55.9 million shares were traded, worth GH¢300.5 million, the highest ever recorded in a single day on the exchange.
Impact
The banking sector was also affected. The financial stocks index dropped by 443.59 points to 8,641.86, although it is still much higher compared to the start of the year.
The biggest impact came from Scancom PLC (MTN Ghana), which saw its share price fall by GH¢0.52 to GH¢5.39. Most of the day’s trading activity happened in this stock, showing that many investors were selling it.
Other companies also recorded losses. Total Energies Marketing Ghana PLC dropped to GH¢36.13, while SIC Insurance Company PLC fell to GH¢3.49.
Ecobank Transnational Inc., Fan Milk PLC, Ghana Oil Company Limited and Cal Bank PLC all saw their share prices go down.
Only one company, Cocoa Processing Company PLC, recorded a small gain, rising slightly to GH¢0.10. Benso Palm Plantation PLC and several others saw no change in price.
On the Ghana Alternative Market, Intravenous Infusions Limited traded 84,000 shares with no change in price.
This drop comes after a strong rally earlier in March, when the market reached a record high of over 15,000 points for the first time.
Despite the recent decline, the market is still performing well overall in 2026, with the main index up by 54.57 per cent since January.
Context
Analysts say the sell-off on the GSE is driven by weakened sentiment around Scancom PLC (MTN Ghana)
Despite strong profits declared for 2025 financial year, investors were disappointed by relatively low returns, especially dividends.
Given MTN Ghana’s heavy influence on the market, its decline dragged the broader index down.
Source:
www.graphic.com.gh
