GSE starts week bullish as GCB, SOGEGH, and ETI lead gains; TotalEnergies drops

The Ghana Stock Exchange began the trading week on a positive note Monday, with the benchmark GSE Composite Index climbing 308.57 points to close at 14,332.79.

The GSE Financial Stocks Index also advanced, gaining 206.14 points to settle at 8,520.19, reflecting renewed investor appetite for banking and financial sector equities.

Market capitalisation rose to GH¢ 272.08 billion, as total volume traded hit 4,335,116 shares valued at GH¢ 21.56 million.

Gainers lead the pack

GCB Bank PLC led the charge, surging by GH¢ 3.17 to close at GH¢ 34.94, up from its previous close of GH¢ 31.77. Investors appeared encouraged by the bank’s strong fundamentals and dividend track record.

Societe Generale Ghana PLC also posted impressive gains, climbing GH¢ 0.56 to end the session at GH¢ 6.21, while Ecobank Transnational Inc. added GH¢ 0.10 to close at GH¢ 2.20.

SIC Insurance Company gained GH¢ 0.11 to close at GH¢ 4.57, and Scancom PLC rose by GH¢ 0.18 to GH¢ 6.28 on heavy volume, with over 2.8 million shares traded.

TotalEnergies leads losers

On the flip side, TotalEnergies Marketing Ghana PLC recorded the steepest decline, shedding GH¢ 3.71 to close at GH¢ 34.57 despite opening at GH¢ 38.28. The sharp drop suggests profit-taking or bearish sentiment in the oil marketing sector.

Enterprise Group PLC dipped marginally by GH¢ 0.01 to GH¢ 11.29, though volumes remained moderate.

Most traded stocks

Scancom PLC dominated activity, with more than 2.8 million shares changing hands, followed by CAL Bank with 1.2 million shares and Ecobank Transnational Inc. with nearly 120,000 shares. Scancom also recorded the day’s highest value traded at GH¢ 17.72 million.

Most other equities, including Access Bank, ADB, AngloGold Ashanti, Fan Milk, Standard Chartered Bank, and Unilever, closed flat with no price changes. The Ghana Alternative Market and ETF segments saw negligible activity.