Ghana Stock Exchange Surges Past 15,000 Points for First Time as Investor Demand Fuels Historic Rally

The Ghana Stock Exchange (GSE) reached a historic milestone on Tuesday, with its benchmark GSE Composite Index (GSE-CI) surpassing the 15,000-point mark for the first time, highlighting strong investor confidence and sustained momentum in the equities market.

At the close of trading on March 10, 2026, during the exchange’s 7,169th session, the GSE-CI climbed 598.32 points to finish at 15,185.49. The rally also lifted the GSE Financial Stocks Index (GSE-FSI) by 252.74 points, ending the session at 9,538.68.

The market’s strong performance pushed total market capitalisation to a record GH¢277.97 billion, up significantly from GH¢267.45 billion recorded on Monday, as investors continued to channel funds into equities.

Trading activity also improved markedly. A total of 2,503,371 shares were traded during the session, with a combined value of GH¢24,014,498.26, reflecting increased market participation compared with the previous trading day.

Banking Stocks Lead Market Momentum

Banking stocks were among the strongest performers, led by Standard Chartered Bank Ghana PLC (SCB), which recorded the largest price gain of the day. The stock surged GH¢6.28 to close at GH¢69.14, extending its strong run and reinforcing its status as one of the market’s best-performing equities this year.

Meanwhile, GCB Bank PLC (GCB) closed unchanged at GH¢52.00 despite heavy trading. A total of 154,831 shares exchanged hands, contributing GH¢8.05 million to the overall market value.

Similarly, Access Bank Ghana PLC (ACCESS) ended the session flat at GH¢46.64.

GOIL and MTN Ghana Support Market Rally

Energy and telecommunications stocks also played a key role in the market’s rally.

Ghana Oil Company Limited (GOIL) rose GH¢0.21 to close at GH¢6.60, with 756,136 shares traded—the second-highest volume of the session—valued at approximately GH¢4.99 million.

The most actively traded stock was Scancom PLC (MTN Ghana). The telecom giant gained GH¢0.39 to close at GH¢6.33, with 1,187,562 shares changing hands and contributing GH¢7.51 million to the market’s total value.

Insurance and Financial Stocks Record Gains

Insurance and financial services stocks also posted gains during the session.

SIC Insurance Company PLC (SIC) rose GH¢0.54 to close at GH¢5.98, while Republic Bank (Ghana) PLC (RBGH) advanced GH¢0.29 to end the day at GH¢3.26.

Regional banking group Ecobank Transnational Incorporated (ETI) gained GH¢0.17, closing at GH¢1.91.

In the pharmaceutical sector, Dannex Ayrton Starwin PLC (DASPHARMA) added GH¢0.03 to finish at GH¢0.41, while Atlantic Lithium Ltd (ALLGH) ended the session unchanged at GH¢6.52 despite active trading.

Societe Generale Records Only Decline

The only stock to record a price decline during the session was Societe Generale Ghana PLC (SOGEGH), which slipped GH¢0.02 to close at GH¢11.37.

Several Stocks End Session Unchanged

A number of listed equities recorded no price movement, including Agricultural Development Bank PLC, AngloGold Ashanti PLC, Enterprise Group PLC, Fan Milk PLC, Guinness Ghana Breweries PLC, TotalEnergies Marketing Ghana PLC, Unilever Ghana PLC, and several others.

Market Performance Since Start of Year

The latest rally has significantly boosted the exchange’s year-to-date performance. The GSE Composite Index has now gained 73.15 percent since the start of 2026, while the financial stocks index has surged 105.26 percent, effectively more than doubling investor capital within just over two months.

Market analysts note that the benchmark index has been on a steady upward trajectory since late February, with investors closely watching the 16,000-point level as the next major psychological milestone.