15 stocks record price gains on GSE in September
Investor confidence strengthened on the Ghana Stock Exchange (GSE) in September 2025, as fifteen listed firms posted notable price gains amid heightened trading activity.
The top performer was Clydestone (Ghana) PLC, which surged by 54.55 per cent, followed by GCB Bank PLC with an impressive 40.86 per cent gain, and Ecobank Ghana PLC, which appreciated by 33.04 per cent.
Other notable gainers included CalBank PLC (25.49 per cent), FanMilk PLC (21.32 per cent), NewGold (20.22 per cent), Ecobank Transnational Incorporated (18.18 per cent), and TotalEnergies Marketing Ghana PLC (15.88 per cent).
Rounding out the list of top performers were Scancom PLC (MTN Ghana) (12.40 per cent), Enterprise Group PLC (10.34 per cent), Benso Oil Palm Plantation PLC (10.07 per cent), Republic Bank (Ghana) PLC (8.18 per cent), Société Générale Ghana PLC (4.00 per cent), Ghana Oil Company (GOIL) PLC (3.03 per cent), and AngloGold Ashanti Depository Shares (2.44 per cent).
On the losing side, Guinness Ghana Breweries PLC declined by 9.59 per cent, Unilever Ghana PLC slipped by 2.01 per cent, while Access Bank Ghana PLC dipped marginally by 0.12 per cent.
Indices Maintain Strong Momentum
According to the Summary of Market Activities published by the GSE, trading momentum on the equities front remained strong in September, driven largely by banking and energy stocks.
The GSE Composite Index (GSE-CI) advanced by 11.43 per cent to close the month at 8,168.35 points, bringing its year-to-date return to 67.09 per cent, one of the strongest performances among African markets in 2025.
Similarly, the GSE Financial Stock Index (GSE-FSI) posted an 11.35 per cent gain, ending September at 3,799.31 points, and extending its year-to-date appreciation to 59.58 per cent.
Fixed Income Market Sees Volume Growth
On the Ghana Fixed Income Market (GFIM), total traded volume for the month reached GHS27.83 billion, representing a 16.33 per cent increase from GHS23.92 billion in August.
Treasury bills accounted for 38.70 per cent of total volumes, followed by Government Notes and Bonds (39.52 per cent), Bank of Ghana Bills (20.98 per cent), and Corporate Bonds (0.80 per cent).
On a year-on-year basis, the fixed income market recorded a robust 79.34 per cent growth in traded volume, reflecting heightened investor interest in short-term and government-backed instruments amid improving macroeconomic stability.
