Guinness Shares Rise as MTN Slips Despite Heavy Trading on Ghana Stock Exchange

Guinness Shares Rise as MTN Slips Despite Heavy Trading on Ghana Stock Exchange

The Ghana Stock Exchange (GSE) ended the week on a cautious note, with Guinness Ghana Breweries PLC (GGBL) topping the gainers’ chart, while MTN Ghana slipped—despite commanding the highest trading activity.

Indices Take a Hit, but Year-to-Date Gains Hold

At Friday’s close, the GSE Composite Index (GSE-CI) dropped by 25.56 points, ending at 6,150.31, while the GSE Financial Stocks Index (GSE-FSI) lost 7.69 points to settle at 3,217.14. Despite these losses, the market remains strong overall, with year-to-date gains of 25.81% on the Composite Index and 35.13% on the Financial Index.

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Guinness Leads Gainers, SIC and GCB Edge Up

Guinness Ghana saw a GH¢0.05 increase in its share price, closing at GH¢6.05. SIC Insurance rose by GH¢0.01 to hit GH¢1.01, crossing the symbolic one-cedi mark. GCB Bank also moved slightly upward by GH¢0.02 to close at GH¢8.03.

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MTN Slips Despite Leading Trade Volumes

Surprisingly, MTN Ghana, which led trading volumes with 305,779 shares worth over GH¢910,000, lost GH¢0.02, finishing at GH¢2.98. Ecobank Transnational Inc. (ETI) also fell by GH¢0.01, closing at GH¢0.89.

Other actively traded stocks included:

  • ETI – 61,438 shares

  • SIC – 42,313 shares

  • GCB – 2,000 shares

  • Guinness – 1,991 shares

  • Cal Bank – 1,542 shares (unchanged at GH¢0.58)

Market Sentiment Cools as Value Drops

Although trade volumes remained relatively strong, market value fell sharply, signaling a decline in high-value trades. Total market value dropped from GH¢4.95 million on Wednesday to GH¢1.03 million by Friday.

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Over the week, the GSE Composite Index started at 6,344.23 and consistently dropped to 6,150.31, while market capitalization fell by more than GH¢2.5 billion, settling at GH¢136.55 billion.


Quick Recap: Weekly Market Indicators

Index Previous (May 29) Current (May 30) Change YTD Change
GSE Composite Index (GSE-CI) 6,175.87 6,150.31 🔻 25.56 pts ▲ +25.81%
GSE Financial Stocks Index (FSI) 3,224.83 3,217.14 🔻 7.69 pts ▲ +35.13%

📌 Our Take

While Guinness Ghana led the charge in price appreciation this week, the general sentiment on the Ghana Stock Exchange was subdued. The dip in MTN Ghana’s price, despite heavy trading, and the decline in market value highlight a possible investor shift toward caution as we move into the new month

Last Updated on February 25, 2026 by Samuel Kwame Boadu

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