The Ghana Stock Exchange (GSE) sustained its impressive upward trajectory in October 2026, with the benchmark GSE Composite Index delivering a year to date return of 63.08%, while the GSE Financial Stock Index recorded a corresponding gain of 58.98%, reflecting continued strength across the equities market.
Trading activity also witnessed substantial growth during the period, with the exchange recording 88,630 transactions, representing a 59.07% increase over the corresponding period last year.
The volume of shares traded during October stood at 68,622,135, with their aggregate value reaching GH¢345,231,828.97. These figures represented respective year on year increases of 55.52% in trading volume and 58.94% in transaction value, highlighting the considerable expansion in market participation and investment activity.
Cumulative trading figures for the year also demonstrated significant growth, as the exchange recorded 1,124,927,571 shares traded, valued at GH¢5,684,813,419.12. Compared with the corresponding period in 2025, the cumulative volume and value increased by 74.37% and 73.66%, respectively, underscoring the stronger performance of the equities market throughout 2026.
Thirteen listed companies emerged as the leading price gainers during October, with Cocoa Processing Company PLC occupying the top position after its share price appreciated by 35.71%. Meridian Marshalls Holdings Company followed with a 16.67% increase, while Enterprise Group PLC registered a gain of 14.29%.
TotalEnergies Marketing PLC advanced by 13.22%, followed by AngloGold Ashanti Depositary Shares, which appreciated by 9.52%. CalBank PLC recorded a 5.71% increase, while GCB Bank PLC gained 5.20%.
SIC Insurance Company PLC and HORDS PLC each recorded price increases of 4.17%, while Scancom PLC, popularly known as MTN Ghana, advanced by 3.85%. Intravenous Infusions PLC registered a 1.89% appreciation, while Access Bank Ghana PLC and Kasapreko PLC recorded respective gains of 0.58% and 0.54%.
Conversely, twelve listed companies experienced declines in their share prices during the month, with Dannex Ayrton Starwin PLC recording the steepest depreciation of 19.13%.
Digicut Production and Advertising PLC followed with a 17.02% decline, while Ecobank Transnational Incorporated recorded a 16.76% decrease. Société Générale Ghana PLC also experienced a substantial contraction of 10.62%, while Benso Palm Plantation PLC registered a 6.67% decline.
Clydestone Ghana PLC shed 3.75%, followed by Ghana Oil Company PLC, which recorded a 2.83% decrease. Unilever Ghana PLC declined by 1.25%, while Guinness Ghana Breweries PLC registered a reduction of 0.37%.
Fan Milk PLC recorded a marginal decline of 0.07%, while Standard Chartered Bank PLC and Ecobank Ghana PLC experienced respective decreases of 0.03% each.
Meanwhile, the Ghana Fixed Income Market (GFIM) also registered considerable growth in trading activity during October, recording a total transaction volume of GH¢48.13 billion, representing a 65.25% increase compared with the corresponding period last year.
The market’s cumulative trading volume for the year reached GH¢385.9 billion, representing an 80.23% increase over the GH¢214.13 billion recorded during the corresponding period in 2025.
The performance across both the equities and fixed income segments highlights the substantial expansion in activity on Ghana’s capital market, with higher transaction volumes and values reflecting increased trading participation and sustained momentum across the country’s investment landscape.
