GSE extends strong run in May as market activity surges
The Ghana Stock Exchange (GSE) sustained its impressive performance in May 2026, with its benchmark indices recording strong gains and market activity rising significantly compared to the same period last year.
The GSE Composite Index (GSE-CI), which tracks the overall performance of listed equities, closed the month with a year-to-date return of 63.67 per cent, while the GSE Financial Stocks Index (GSE-FSI) posted an even stronger return of 68.99 per cent.
A market summary released by the GSE and copied to The Ghanaian Times showed that investor participation remained robust, with the number of transactions reaching 89,945, representing a 347.09 per cent increase over the corresponding period in 2025.
The market also recorded substantial growth in trading activity and total volume traded during the month stood at 92.74 million shares valued at GH¢247.61 million, reflecting a 168.54 per cent increase in volume and a 32.66 per cent rise in value compared to May last year.
On a year-to-date basis, the GSE said the cumulative trading volume reached 716.25 million shares with a total value of GH¢3.41 billion.
That it said represented increases of 503.15 per cent and 323.59 per cent in volume and value respectively over the same period in 2025.
ZEN Petroleum Holdings PLC emerged as the top price gainer for the month, recording an impressive return of 86.81 per cent.
Other notable gainers included Intravenous Infusions PLC, which appreciated by 60 per cent, Clydestone (Ghana) PLC with 27.50 per cent, Fan Milk PLC with 15.83 per cent, and Hords PLC, which gained 10 per cent.
Atlantic Lithium Limited and Societe Generale Ghana PLC also recorded gains of 5.13 per cent and 3.17 per cent respectively.
On the downside, Ecobank Transnational Incorporated led the losers’ chart with a decline of 36.24 per cent. CALBank PLC, Ghana Commercial Bank PLC, SIC Insurance Company PLC, Access Bank Ghana PLC and Enterprise Group PLC also recorded losses during the month.
Meanwhile, activity on the Ghana Fixed Income Market remained strong despite a monthly decline. The market closed May with a traded volume of GH¢26.56 billion, representing a 24.21 per cent decrease compared to April.
However, the figure was 39.30 per cent higher than the volume traded during the same period last year.
Treasury Bills accounted for 46.54 per cent of the total volume traded, while Government Notes and Bonds contributed 53.38 per cent. Corporate Bonds represented 0.08 per cent of total transactions.
BY KINGSLEY ASARE
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