Banking and Telecom Stocks Propel Ghana Stock Exchange to Record Highs
The Ghana Stock Exchange (GSE) experienced a significant surge on October 1, 2025, with key benchmark indices reaching unprecedented levels. This positive momentum was largely driven by robust performance from banking and telecommunications stocks, contributing to a record-breaking overall market capitalization. The African tech scene, particularly mobile money and digital banking platforms, likely played a role in this impressive performance.
Key Market Indicators Soar
The GSE Composite Index, a primary indicator of overall market performance, climbed to 8,330.55 points, representing a year-to-date return of 70.41%. Simultaneously, the GSE Financial Stock Index, which tracks the performance of financial institutions, also experienced an upward trajectory, reaching 3,802.51 points, a 59.72% increase since the beginning of the year. This combined growth led to a total market capitalization of GH¢164.61 billion, marking a new high for the exchange. While the month concluded with slightly reduced market activity compared to the previous session, trading improved. A total of 1,151,503 shares were traded, an increase of 13.27%, with a value of GH¢3.12 million. Notably, several individual stocks demonstrated strong performance. Enterprise Group saw its share price rise to GH¢3.35, while GCB Bank gained ground, reaching GH¢14.11. Telecommunications giant MTN Ghana also contributed to the positive trend, adding to GH¢4.50. MTN dominated trading activity, accounting for nearly half of all trades with 505,273 shares changing hands, valued at GH¢2.27 million.
The GSE’s positive performance reflects growing investor confidence and the increasing prominence of sectors like banking and telecom within the Ghanaian and broader African economies.
Keywords
Related Keywords: GSE, Ghana Stock Exchange, banking stocks, telecom stocks, stock market, record highs, market performance, Ghana, financial news, investment
