The Ghana Stock Exchange (GSE) took a heavy hit with a sharp drop in trading volumes, leaving investors uneasy. But while most stocks struggled, Access Bank defied the odds, surging by an impressive 9.68%. The banking giant’s strong performance proves that even in a bearish market, smart players still find a way to win.
Access Bank led gainers with a GH₵0.80 rise, while Clydestone, Enterprise Group, and NewGold also saw gains amid a broader market slowdown on the GSE
The Ghana Stock Exchange (GSE) took a significant hit on Tuesday, March 25, 2025, as trading volumes plummeted drastically compared to the previous session. The market saw a major slowdown in investor activity, with total trade volumes shrinking by more than 91% in just a day. However, amidst the decline, a few stocks managed to stand tall, with Access Bank Ghana (ACCESS) and Benso Oil Palm Plantation (BOPP) posting impressive gains.
Sharp Drop in Market Activity
Tuesday’s session painted a worrying picture as only 479,987 shares exchanged hands, a steep decline from the 5.77 million shares traded on Monday. The total value of transactions also saw a major dip, dropping from GH₵48.88 million to just GH₵1.74 million. The overall performance of the market was also reflective of this slowdown. The GSE Composite Index (GSE-CI), which tracks the performance of all listed stocks, dipped to 6,063.76 points, down from 6,126.08 points recorded the previous day. Meanwhile, the GSE Financial Stock Index (GSE-FSI) managed to stay on a positive trajectory, rising to 3,053.11 points from 3,035.82 points, largely driven by the strong performance of Access Bank.
Access Bank Takes Center Stage with 9.68% Gain
Despite the broader market decline, Access Bank Ghana PLC (ACCESS) emerged as the biggest gainer, surging 9.68% to close at GH₵9.07 per share, marking a GH₵0.80 increase from its previous closing price of GH₵8.27. The stock attracted significant investor interest, making it one of the day’s most actively traded equities.
Clydestone Ghana (CLYD) also recorded an impressive performance, rising 7.14% to GH₵0.75 per share, with a GH₵0.01 gain from its previous close of GH₵0.74. The IT solutions company had been quiet in previous sessions, making this jump a sign of renewed interest.
Similarly, Enterprise Group PLC (EGL) saw a 3.11% uptick, closing at GH₵6.65 per share, up by GH₵0.08 from GH₵6.57. The financial services giant has been experiencing steady growth, further reinforcing investor confidence.
Meanwhile, NewGold (GLD), the exchange-traded fund (ETF) tracking gold prices, continued its strong performance, climbing by GH₵1.61 to GH₵451.65 from its previous close of GH₵450.04. With gold remaining a preferred safe-haven asset, the ETF has sustained investor demand.
MTN Ghana Dominates Market Transactions
Despite the overall dip in trading volumes, MTN Ghana (MTNGH) remained the most actively traded stock of the day. The telecom giant saw 1.09 million shares changing hands, reinforcing its status as a market heavyweight. However, the stock price remained flat, showing that while there was interest in MTN Ghana, it did not translate into significant price movement.
The significant drop in trading volumes raises questions about overall market sentiment.
Last Updated on April 2, 2025 by samboad
