Investors frenzy on GSE as MTN Ghana leads market surge

The Ghana Stock Exchange (GSE) experienced a dramatic end to the trading week on Friday, as a surge of investor confidence propelled both benchmark indices to significant gains. Heavy buying interest, particularly in telecommunications heavyweight Scancom PLC (MTN Ghana), drove market capitalization to new heights.

The GSE Composite Index soared by 338.93 points to close at 12,869.20, while the GSE Financial Stocks Index also saw a substantial jump of 366.14 points, finishing at 7,692.88. The rally was underpinned by robust trading activity, with a total of 24.1 million shares changing hands, valued at over GH¢135.7 million—a dramatic increase from the previous session’s GHS24 million.

MTN Ghana Leads the Charge

The undisputed star performer of the day was MTN Ghana, which accounted for the vast majority of the day’s volume and value. A staggering 22.9 million of its shares were traded, contributing GHS127.1 million to the total value. The stock’s price held steady at GHS5.56, as investors digested the company’s announcement of record-breaking 2025 profits and a proposed final dividend of GH¢0.40 per share, announced shortly after the market closed.

Financial Stocks Shine

The positive sentiment was felt across the board, with several blue-chip financial stocks posting impressive gains. Enterprise Group PLC climbed by GH¢0.68 to close at GH¢7.48, while Societe Generale Ghana rose sharply by GH¢0.94 to GH¢10.40. Standard Chartered Bank advanced by GH¢3.55 to GH¢39.05, and Ecobank Ghana edged up by GH¢0.90 to GH¢53.00.

Other notable gainers included Access Bank, which jumped GH¢3.50 to GH¢38.55, and GCB Bank, which rose to GH¢38.25.

Market Outlook

The only blemish on an otherwise stellar day was Cal Bank, which recorded a modest decline of GH¢0.02 to close at GH¢0.88.

Friday’s robust performance pushed the market’s total capitalization to GHS235.7 billion, reflecting a broad wave of optimism sweeping through the bourse. With companies now entering the dividend announcement season and macroeconomic indicators pointing towards stability, analysts suggest investors are positioning themselves for a rewarding first quarter.

The bullish run underscores a renewed confidence in the Ghanaian market, setting a positive tone for the weeks ahead.