GSE hits historic 14,000-point milestone as banking stocks power record-breaking rally

The Ghana Stock Exchange achieved a historic milestone on Wednesday, with the GSE Composite Index crossing the 14,000-point threshold for the first time, closing at 14,005.32 after a gain of 270.78 points.

Trading data for the 7,166th session showed sustained investor enthusiasm across the bourse, with the GSE Financial Stocks Index jumping 309.94 points to settle at 8,805.87.

Market capitalisation expanded to an unprecedented GH¢256.75 billion, up from Tuesday’s GH¢251.02 billion, reflecting continued confidence in Ghana’s equity market.

Total volume of shares traded reached 3,583,308, with aggregate value hitting GH¢39,817,968.17—the highest single-day value recorded this week.

Banking Stocks Lead the Charge

GCB Bank PLC emerged as the session’s standout performer, surging by GH¢4.52 to close at GH¢49.80. The banking heavyweight attracted significant investor interest, with 441,752 shares changing hands and contributing GH¢21,999,249.60 to total market value.

Standard Chartered Bank Ghana PLC continued its impressive run, adding GH¢4.72 to close at GH¢51.96, while Ecobank Ghana PLC remained unchanged at GH¢57.00 despite active trading.

Enterprise Group PLC recorded a gain of GH¢0.80 to close at GH¢9.00, and Ecobank Transnational Inc. rose by GH¢0.13 to GH¢1.55.

MTN Ghana Extends Record Run

Scancom PLC (MTNGH) added GH¢0.02 to close at GH¢5.80, maintaining its momentum. The telecommunications giant remained the most actively traded counter, with 1,968,543 shares exchanging hands, contributing GH¢11,416,143.01 to total market value.

The stock’s closing bid price of GH¢5.80 and offer price of GH¢6.30 suggest continued investor optimism ahead of the upcoming dividend payment.

Oil and Insurance Stocks Join Rally

Ghana Oil Company Limited posted a gain of GH¢0.52 to close at GH¢5.77, while SIC Insurance Company PLC added GH¢0.29 to end at GH¢4.90. Republic Bank (Ghana) PLC rose by GH¢0.11 to GH¢2.73, and Atlantic Lithium Ltd gained GH¢0.12 to GH¢6.52.

Benso Palm Plantation PLC inched up by GH¢0.01 to close at GH¢74.01.

Sole Decliner

Societe Generale Ghana PLC emerged as the only decliner among actively traded stocks, shedding GH¢0.11 to close at GH¢11.40 despite healthy trading volume of 132,141 shares.

Market Performance Summary

The GSE-CI has now gained 59.69 per cent since the start of the year, while the financial stocks index has delivered an extraordinary 89.49 per cent return. Wednesday’s session marked the eighth consecutive day of gains for the benchmark index, with market watchers now eyeing the 14,500-point level as the next psychological barrier.

Gainers:

· Standard Chartered Bank Ghana PLC (SCB): +GH¢4.72 (GH¢51.96)
· GCB Bank PLC (GCB): +GH¢4.52 (GH¢49.80)
· Enterprise Group PLC (EGL): +GH¢0.80 (GH¢9.00)
· Ghana Oil Company Limited (GOIL): +GH¢0.52 (GH¢5.77)
· SIC Insurance Company PLC (SIC): +GH¢0.29 (GH¢4.90)
· Ecobank Transnational Inc. (ETI): +GH¢0.13 (GH¢1.55)
· Atlantic Lithium Ltd (ALLGH): +GH¢0.12 (GH¢6.52)
· Republic Bank (Ghana) PLC (RBGH): +GH¢0.11 (GH¢2.73)
· Scancom PLC (MTNGH): +GH¢0.02 (GH¢5.80)
· Benso Palm Plantation PLC (BOPP): +GH¢0.01 (GH¢74.01)

Laggard:

· Societe Generale Ghana PLC (SOGEGH): -GH¢0.11 (GH¢11.40)

Twenty stocks remained unchanged during Wednesday’s session.