MTN Ghana Dominates as GSE Ends Week Strong, Composite Index Tops 6,670

The Ghana Stock Exchange (GSE) closed the week ending July 25, 2025, firmly in positive territory, powered by strong activity in heavyweight stocks and a surge in MTN Ghana trading. By Friday’s close, the GSE Composite Index had climbed 117.39 points to 6,673.11, cementing a year‑to‑date gain of 36.51 percent.

The GSE Financial Stocks Index was largely flat, edging up by just 0.16 points to 3,412.29, though it remains one of the market’s best performers this year with a gain of 43.33 percent since January.

Market activity gathered momentum as the week progressed, culminating in a dramatic spike on Friday when 25.9 million shares worth GH₵100.9 million exchanged hands. This single session accounted for the bulk of the week’s turnover and pushed market capitalization to GH₵142.18 billion. For the full week, 35.5 million shares were traded with a total value of roughly GH₵140 million, reflecting a renewed wave of investor engagement after a relatively subdued start to the week.

MTN Ghana once again dominated trading, driving both volume and value. Its stock rose by 11 pesewas to close at GH₵3.25 after more than 25 million shares changed hands on Friday alone, representing over 80 percent of the total market value for the session. The telecom giant’s performance underscored its central role on the bourse and its outsized influence on index movements.

Other notable movers included Republic Bank Ghana, which edged up by one pesewa to finish at GH₵0.93 on modest volumes, and the gold-backed NewGold ETF, which added 35 pesewas to settle at GH₵373.75. Société Générale Ghana was one of the few decliners, slipping by a pesewa to GH₵1.97 despite reasonable trading activity.

Earlier in the week, smaller movements in counters such as Fan Milk, GOIL, and CAL Bank reflected a mix of bargain-hunting and light profit-taking as investors positioned themselves ahead of earnings season.

The daily rhythm of trading told its own story. Monday set an upbeat tone with over six million shares traded, driven largely by MTN Ghana’s steady climb. But activity slowed dramatically on Tuesday and Wednesday, with volumes dropping below one million shares each day as investors held back, perhaps waiting for market cues.

Thursday brought a lift in sentiment as trading picked up again and the gold ETF surged sharply, before Friday delivered the standout session of the week, turning a quiet build‑up into a powerful close.

By the end of the week, the GSE’s resilience was clear. The Composite Index remains up more than 36 percent this year, while the Financial Index has climbed over 43 percent, signaling strong investor confidence even in the face of broader economic pressures. Market watchers, however, caution that much of this momentum continues to rest on the performance of a handful of heavyweight stocks, particularly MTN Ghana, which often dictates liquidity and price direction for the entire exchange.

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