The Ghana Stock Exchange (GSE) commenced 2026 on a strong footing, posting impressive gains across key indices and recording a significant surge in trading activity in January.

The GSE Composite Index (GSE-CI) advanced by 2.69 percent, while the Financial Stocks Index (GSE-FSI) outperformed with a notable 6.14 percent year-to-date return, reflecting renewed investor confidence in the equities market.

A statement issued by the GSE in Accra on the January market performance of the Accra bourse said market activity strengthened considerably during the month under review. It said the number of transactions rose sharply to 38,477, representing a remarkable 406.74 per cent increase compared to the same period last year.

The heightened activity, the GSE said, underscored improved market participation and liquidity at the start of the year.

It said trading volume on the equities market reached 167.32 million shares, with a total value of GH¢705.36 million.

“These figures represent a staggering 938.51 percent increase in volume and a 549.48 percent rise in value traded year-on-year, signaling robust investor appetite and stronger market momentum,” the statement said.

The GSE said market capitalisation also saw an appreciable increase, reinforcing the positive sentiment that characterised trading on the local bourse during the month.

In terms of individual stock performance, CalBank PLC emerged as the top gainer with a 15.71 percent appreciation in share price.

It was followed by Ghana Commercial Bank, which recorded a 1.36 percent gain, while Enterprise Ghana PLC rose by 0.28 percent.

The statement said Ecobank Ghana PLC, Benso Oil Palm Plantation PLC and Standard Chartered Bank Ghana PLC also posted marginal gains of 0.14 percent, 0.06 percent and 0.03 percent respectively.

On the other hand, the performance of TotalEnergies Marketing Ghana PLC dipped by 0.12 percent, Societe Generale Ghana PLC declined by 4.46 percent, and New Gold recorded the steepest loss of 5.67 percent.

On the Fixed Income Market, substantial growth was recorded. It said the total traded volume increased to GH¢36.91 billion, marking a 118.45 percent rise compared to the GH¢16.89 billion recorded in the corresponding period last year.

The GSE Treasury Bills accounted for 37.75 percent of the total volume traded, while Government Bonds dominated with 60.91 percent. Corporate Bonds contributed the remaining 1.34 percent.

“The number of trades executed on the debt market stood at 56,982, representing a 13.83 percent year-on-year increase,” it stated.

The strong start to the year signals sustained recovery and growing investor optimism, positioning the Accra bourse for a potentially buoyant performance in the months ahead.