GSE turnover halves to GH₵25.33 million on last day of September as MTN Ghana trading cools

Pinned summary · as of 07:13

Activity on the Ghana Stock Exchange dropped sharply on Wednesday, 30 September, the final session of the month. Money changing hands came to GH₵25.33 million, about half of the previous day's total, as fewer MTN Ghana shares were traded.

What we know

• A total of 5.12 million shares were traded on Wednesday, roughly 39% fewer than on Tuesday, 29 September, while turnover was down about 50% from GH₵50.97 million.
• MTN Ghana was the most heavily traded stock, with 3.51 million shares changing hands. CalBank came next with just over 1.04 million, followed by Intravenous Infusions with 165,273 and Kasapreko with 112,238.
• Ecobank Transnational Incorporated was the day's strongest riser, gaining about 6.8% to close at GH₵1.73. Kasapreko also edged up, closing at GH₵1.84.
• Ghana Oil Company had the sharpest decline among ordinary shares, shedding 7.2% to settle at GH₵5.66. Societe Generale Ghana lost about 5.8% and SIC Insurance about 4.8%, and CalBank also ended lower.

What's disputed / unconfirmed

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  Reports differ on how many shares rose in the session. NorvanReports counted three advancers, while The Vaultz News said four ended higher. Both said eight stocks fell.
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  NorvanReports said MTN Ghana's price slipped GH₵0.01 to GH₵6.50, with MTN making up about 69% of volume and just over 90% of the value traded. These figures were not carried in the other report.
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  The Vaultz News put the GSE Composite Index at 14,141.56 points after a 0.17% gain on the day, a 1.02% drop for the week, a 5.41% fall over four weeks and a 61.24% rise since January. It gave the exchange's market capitalisation as GH₵270.8 billion, about US$23.1 billion. No other report has confirmed these figures.
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  The Vaultz News said the Financial Stocks Index rose 0.69% to 7,554.56 points on the day. It also reported that Digicut gained 0.28%, whereas NorvanReports listed the stock as unchanged at GH₵0.47 on the Ghana Alternative Market.

Why it matters for Ghana

The thin trading on the last day of the month shows how much the market's daily value depends on a single heavyweight, MTN Ghana. For investors and pension funds with exposure to Ghanaian equities, the move underlines how a quiet session in one stock can swing overall turnover, even when most other companies see only small price changes.