The Ghana Stock Exchange (GSE) returned from the Eid-ul-Fitr holiday to a broad-based sell-off on Tuesday, March 24, 2026, with the benchmark GSE Composite Index (GSE-CI) shedding 375.03 points to close at 15,316.66.
The downturn was driven by significant declines across banking and insurance stocks, as investors moved to lock in profits from recent gains. In contrast, Benso Palm Plantation PLC (BOPP) held its ground, maintaining the historic triple-digit price level it achieved in the previous session.
Total volume for the 7,177th trading session stood at 1,754,120 shares, with an aggregate value of GH¢8,103,202.93.
BOPP Defends Historic GH¢100 Mark
Benso Palm Plantation PLC (BOPP) continued to command attention, closing flat at GH¢100.00. The agricultural stock, which made history on Thursday as the first Ghanaian equity to cross the GH¢100 barrier, saw 1,000 shares change hands, contributing GH¢100,000 to the day’s total market value. The stock’s closing bid price of GH¢100.00 and offer price of GH¢110.00 indicate sustained bullish sentiment among investors.
Financial Sector Bears Brunt of Sell-Off
The banking and financial services sector experienced the steepest declines of the session. Ecobank Ghana PLC (EGH) led the laggards, plunging by GH¢5.38 to close at GH¢50.52.
Other notable decliners included Fan Milk PLC (FML), which tumbled by GH¢1.53 to GH¢13.79, and Societe Generale Ghana PLC (SOGEGH), which shed GH¢0.87 to GH¢7.86. SIC Insurance Company PLC (SIC) declined by GH¢0.45 to GH¢4.09, while Ecobank Transnational Inc. (ETI) fell GH¢0.23 to GH¢2.22.
Scancom PLC (MTNGH) slipped GH¢0.03 to GH¢6.50, despite being the most actively traded counter of the day, with 605,217 shares valued at GH¢3,935,884.02.
Mixed Performance Across Other Stocks
Several stocks remained stable amid the market downturn. Republic Bank (Ghana) PLC (RBGH) was unchanged at GH¢5.38, while Ghana Oil Company Limited (GOIL) held steady at GH¢7.85. Standard Chartered Bank Ghana PLC (SCB) closed flat at GH¢79.25, and TotalEnergies Marketing Ghana PLC (TOTAL) remained at GH¢39.80.
Guinness Ghana Breweries PLC (GGBL) and Unilever Ghana PLC (UNIL) also recorded no price movement, closing at GH¢15.94 and GH¢28.46 respectively. NewGold (GLD) remained at GH¢546.00.
Market Summary
Despite the sharp pullback, the GSE-CI has posted a year-to-date gain of 74.64 per cent, while the financial stocks index remains up 102.43 per cent.
Tuesday’s session was marked by profit-taking in financial stocks that had seen substantial gains in recent months. BOPP’s ability to defend its record price level provided a bright spot in an otherwise subdued trading day.
Laggards
· Ecobank Ghana PLC (EGH): GH¢ -5.38 (GH¢50.52)
· Fan Milk PLC (FML): GH¢ -1.53 (GH¢13.79)
· Societe Generale Ghana PLC (SOGEGH): GH¢ -0.87 (GH¢7.86)
· SIC Insurance Company PLC (SIC): GH¢ -0.45 (GH¢4.09)
· Ecobank Transnational Inc. (ETI): GH¢ -0.23 (GH¢2.22)
· Scancom PLC (MTNGH): GH¢ -0.03 (GH¢6.50)
· Cal Bank PLC (CAL): GH¢ -0.02 (GH¢0.75)
· Enterprise Group PLC (EGL): GH¢ -0.02 (GH¢12.11)
Gainers
No stocks recorded a price increase during Tuesday’s trading session.
Selected Unchanged Stocks
· Benso Palm Plantation PLC (BOPP): GH¢100.00
· Standard Chartered Bank Ghana PLC (SCB): GH¢79.25
· NewGold (GLD): GH¢546.00
· GCB Bank PLC (GCB): GH¢45.77
· Access Bank Ghana PLC (ACCESS): GH¢46.62
· TotalEnergies Marketing Ghana PLC (TOTAL): GH¢39.80
