Accra: The Ghana Stock Exchange (GSE) commenced 2026 on a strong footing, posting impressive gains across key indices and recording a significant surge in trading activity in January.
According to Ghana Web, the GSE Composite Index (GSE-CI) advanced by 2.69 percent, while the Financial Stocks Index (GSE-FSI) outperformed with a notable 6.14 percent year-to-date return, reflecting renewed investor confidence in the equities market.
A statement issued by the GSE in Accra on the January market performance of the Accra bourse indicated that market activity strengthened considerably during the month under review. The number of transactions rose sharply to 38,477, representing a remarkable 406.74 percent increase compared to the same period last year. The heightened activity, the GSE noted, underscored improved market participation and liquidity at the start of the year.
Trading volume on the equities market reached 167.32 million shares, with a total value of GHS705.36 million. These figures represent a staggering 938.51 percent increase in volume and a 549.48 percent rise in value traded year-on-year, signaling robust investor appetite and stronger market momentum. Market capitalisation also saw an appreciable increase, reinforcing the positive sentiment that characterised trading on the local bourse during the month.
In terms of individual stock performance, CalBank PLC emerged as the top gainer with a 15.71 percent appreciation in share price. It was followed by Ghana Commercial Bank, which recorded a 1.36 percent gain, while Enterprise Ghana PLC rose by 0.28 percent. Ecobank Ghana PLC, Benso Oil Palm Plantation PLC, and Standard Chartered Bank Ghana PLC also posted marginal gains of 0.14 percent, 0.06 percent, and 0.03 percent respectively. Conversely, TotalEnergies Marketing Ghana PLC dipped by 0.12 percent, Societe Generale Ghana PLC declined by 4.46 percent, and New Gold recorded the steepest loss of 5.67 percent.
On the Fixed Income Market, substantial growth was recorded with the total traded volume increasing to GHS36.91 billion, marking a 118.45 percent rise compared to the GHS16.89 billion recorded in the corresponding period last year. The GSE Treasury Bills accounted for 37.75 percent of the total volume traded, while Government Bonds dominated with 60.91 percent. Corporate Bonds contributed the remaining 1.34 percent. The number of trades executed on the debt market stood at 56,982, representing a 13.83 percent year-on-year increase.
The strong start to the year signals sustained recovery and growing investor optimism, positioning the Accra bourse for a potentially buoyant performance in the months ahead.