The Ghana Stock Exchange (GSE) returned to positive territory on Monday, March 30, 2026, breaking a four-day losing streak as investors sought bargains in select counters following last week’s steep sell-off.
The GSE Composite Index (GSE-CI) rose by 105.77 points to close at 13,095.56, while market capitalisation edged up to GH¢246.48 billion, signalling a cautious return of investor optimism after a period of sustained declines.
However, the recovery was not uniform across the bourse. The GSE Financial Stocks Index (GSE-FSI) continued its downward trajectory, losing 178.99 points to settle at 8,195.07, underscoring persistent weakness in the banking and financial sector.
Total volume for the 7,181st trading session stood at 2,162,178 shares, with an aggregate value of GH¢11,795,005.03.
MTN Ghana Leads the Charge
The rebound was spearheaded by telecommunications giant Scancom PLC (MTNGH), which surged by GH¢0.25 to close at GH¢5.28. The stock’s recovery provided the primary lift to the benchmark index after a bruising four-day decline that had wiped over 20 per cent off its value from a record high of GH¢6.53 achieved earlier in the month.
MTN Ghana was also the session’s most actively traded counter, with over 1.2 million shares changing hands, contributing more than half of the day’s total market turnover.
Ghana Oil Company Limited (GOIL) also extended its positive run, adding GH¢0.02 to close at GH¢7.88, attracting significant investor interest with 118,942 shares traded. First Atlantic Bank PLC (FAB) recorded a notable gain among financial stocks, rising by GH¢0.78 to GH¢8.62.
Financial Stocks Remain Under Pressure
Despite the broader market’s recovery, banking and financial stocks continued to face selling pressure. GCB Bank PLC (GCB) was the day’s biggest laggard, plunging by GH¢3.33 to GH¢30.05. Ecobank Ghana PLC (EGH) also fell sharply, dropping GH¢0.50 to GH¢49.50.
Other financial stocks in the red included Societe Generale Ghana PLC (SOGEGH), which declined by GH¢0.41 to GH¢6.67, and Republic Bank (Ghana) PLC (RBGH), which edged down by GH¢0.11 to GH¢4.71. Cal Bank PLC (CAL) and Ecobank Transnational Inc. (ETI) also recorded marginal losses.
Elsewhere, TotalEnergies Marketing Ghana PLC (TOTAL) shed GH¢1.49 to close at GH¢34.64, while Fan Milk PLC (FML) fell by GH¢0.37 to GH¢12.98. Benso Palm Plantation PLC (BOPP) held steady at its historic triple-digit price of GH¢100.00.
A significant number of stocks recorded no price movement during the session, including Access Bank (ACCESS), AngloGold Ashanti (AGA), Guinness Ghana Breweries (GGBL), and Unilever (UNIL).
Market Outlook
Despite the recent correction, the GSE-CI maintains a strong year-to-date gain of 49.32 per cent, while the financial stocks index remains up 76.35 per cent for the year.
Market analysts view Monday’s session as a modest recovery, with MTN Ghana’s rebound providing a much-needed boost to sentiment. However, the persistent weakness observed in banking and financial stocks suggests that investor caution remains elevated following the sharp correction from the record highs reached earlier in the month.
