The Ghana Stock Exchange (GSE) began the trading week on a bearish note, with the benchmark GSE Composite Index (GSE-CI) losing 8.60 points to close at 6,699.04 on Monday, May 19, 2025.

The dip, driven largely by losses in telecom giant MTN Ghana, reflects a cautious market environment as weak investor sentiment continues to weigh on trading activity.

The decline saw the GSE-CI's year-to-date (YTD) return edge down slightly to 37.04%.

MTN Ghana (MTNGH), the day’s most traded equity slipped by 0.28% to GH¢3.53.

The telecom heavyweight accounted for nearly 90% of total trade volumes with 696,455 shares exchanging hands at a market value of GH¢2.46 million.

MTN’s decline was a key driver of the overall market weakness pulling its own YTD gain to 41.20%.

In contrast, the GSE Financial Stock Index (GSE-FSI) outperformed the broader market, adding 2.90 points to close at 3,171.38. Gains among select financial stocks supported the index which has now returned 33.21% YTD.

Trading activity was notably subdued, with total market volume plunging by 90.38% to 796,695 shares, while the value of trades dropped by 93.28% to GH¢2.63 million.

Enterprise Group Ltd. (EGL) emerged as the session’s top performer surging 5.56% to GH¢2.85, pushing its YTD return to 43.20%.

Other actively traded equities included Ecobank Transnational Inc. (ETI), CAL Bank (CAL), Cocoa Processing Company (CPC), and EGL though their volumes paled in comparison to MTN Ghana.

Market capitalisation declined by GH¢106.7 million to GH¢143.61 billion reflecting the net effect of price losses across the board.

SP/MA

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