GSE Kicks Off Week on Recovery
The Ghana Stock Exchange (GSE) opened the new trading week on a cautiously positive note, showing early signs of recovery after a turbulent close to March that saw sharp declines across the market.
On Monday, March 30, the benchmark GSE Composite Index (GSE-CI) rebounded by 105.77 points to close at 13,095.56, as investors gradually returned to the market following last week’s heavy sell-off. The modest recovery helped lift total market capitalisation to GH¢246.48 billion.
Trading activity remained relatively moderate, with 2.16 million shares exchanged at a total value of GH¢11.8 million, suggesting that while confidence is beginning to return, investors are still proceeding with caution.
The rebound comes on the back of a highly volatile previous week, during which the GSE-CI dropped significantly from 15,316.66 on Tuesday, March 24, to 12,989.79 by Friday, March 27—representing a steep decline of over 2,300 points within just four trading sessions. The sharp correction was accompanied by a surge in trading volumes, particularly on Thursday, March 26, when 55.95 million shares were traded, valued at GH¢300.5 million, largely driven by block trades and institutional portfolio adjustments.
The GSE Financial Stocks Index (GSE-FSI) also reflected the recent volatility, declining by 267.8 points to close at 8,374.06 at the end of last week, despite still maintaining strong year-to-date gains of over 80 percent.
Monday’s session, however, presented a mixed performance across sectors. Scancom PLC emerged as the most actively traded stock, gaining GH¢0.25 to close at GH¢5.28, with about 1.2 million shares changing hands. The movement suggests renewed investor interest in the telecom giant after the heavy sell-offs recorded in previous sessions.
In contrast, GCB Bank PLC recorded a notable decline, shedding GH¢3.33 to close at GH¢30.05, highlighting continued weakness within the financial sector, which has been particularly sensitive to recent market adjustments.
Other notable price movements included Ghana Oil Company Limited, which edged up slightly by GH¢0.02 to GH¢7.88, while TotalEnergies Marketing Ghana PLC declined by GH¢1.49 to close at GH¢34.64.
Market analysts say the cautious rebound reflects a fragile recovery phase, with investors balancing optimism from the index’s uptick against lingering concerns about financial sector performance and broader macroeconomic conditions.
While Monday’s gains may signal the beginning of a stabilisation trend, trading is expected to remain sensitive to both domestic economic indicators and global market developments. Investors are likely to continue adopting a selective approach, closely monitoring sector-specific performance and policy signals in the days ahead.
For now, the GSE appears to be finding its footing after last week’s sharp correction, but the path to a sustained recovery will depend on renewed confidence and consistent market support.
