Business News of Monday, 28 July 2025

Source: www.ghanaweb.com

GSE soars 4.48% in weekly rally, driven by MTN Ghana

Ghana’s equity market extended its upward momentum during the trading week ending July 25, 2025, as the benchmark Ghana Stock Exchange Composite Index (GSE-CI) surged by 4.48% to close at 6,673.11 points.

This marks a significant reversal from the previous week’s 0.59% decline bringing the year-to-date (YTD) return to a robust 36.51%.

The gains were largely underpinned by bullish sentiment in large-cap stocks such as MTN Ghana (MTNGH), Fan Milk Limited (FML), and GLD, with MTNGH alone accounting for the lion’s share of weekly trade volume and value.

The telecom giant traded 30.7 million shares valued at GH¢98.8 million topping the activity charts.

GLD and FML also posted strong weekly gains of 3.62% and 1.44% respectively.

The GSE Financial Stock Index (GSE-FSI) edged down 0.16% to 3,412.29 points, trimming its YTD gain to 43.33%. SOGEGH led the decliners with a 9 pesewa drop to GH¢1.97, while CAL Bank (CAL) shed 2 pesewas to GH¢0.53.

Total market capitalisation rose to GH¢142.2 billion as trading activity spiked sharply.

SP/MA

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