GSE extends losses as investor activity slows
The Ghana Stock Exchange (GSE) closed lower on Wednesday, October 22, 2025, marking its second consecutive day of losses as reduced investor participation and declines in key equities weighed on overall market performance.
Trading volume and value both fell sharply, reflecting a notable dip in investor appetite. A total of 920,626 shares valued at GHS1.18 million exchanged hands, significantly lower than the 1.53 million shares worth GHS2.74 million recorded on Tuesday.
The GSE Composite Index (GSE-CI), which measures the performance of all listed equities, declined by 20.8 points to close at 8,447.64 points, bringing the market’s total capitalisation down to GHS167.21 billion from GHS167.74 billion in the previous session.
However, in contrast to the overall market weakness, the GSE Financial Stocks Index (GSE-FSI) edged up by 0.59 points to 4,079.01, buoyed by modest gains in banking shares.
Market activity was relatively narrow, with only four equities recording price changes. GCB Bank PLC gained GHS0.02 to close at GHS15.62, while Fan Milk PLC advanced slightly by GHS0.01 to end the session at GHS8.00.
On the downside, MTN Ghana dipped by GHS0.02 to settle at GHS4.34, maintaining its position as the day’s most actively traded stock, with 68,351 shares changing hands at a total value of GHS296,637.24.
The NewGold ETF, which often mirrors international gold price movements, dropped sharply by GHS80.54 to GHS367.11, tracking the global decline in gold prices.
Despite Wednesday’s setback, the market’s overall performance remains strong in 2025, supported by earlier rallies in financial and consumer stocks.
As of October 22, the GSE Composite Index has risen 72.81 per cent year-to-date, while the Financial Stocks Index is up 71.33 per cent, underscoring sustained investor confidence in Ghana’s equity market even amid intermittent profit-taking and external headwinds.
