The Ghana Stock Exchange (GSE) continued its strong growth through the end of May 2026, driven by a massive surge in trading activity and high investor returns.

Market transactions skyrocketed by 347.09% compared to last year, reaching a total of 89,945 transactions. The market’s year-to-date volume jumped by over 500% to more than 716 million shares, valued at over GHS3.4 billion.

Stock Performance Highlights

Both major stock indices posted significant gains:

- GSE Composite Index: Up 63.67%

- Financial Stock Index: Up 68.99%

Top Gainers and Losers

Several companies saw major price increases, led by the energy and pharmaceutical sectors, while banking and consumer goods faced losses.

Biggest Winners:

- ZEN Petroleum Holdings PLC: +86.81%

- Intravenous Infusions PLC: +60.00%

- Clydestone (Ghana) PLC: +27.50%

- Fan Milk PLC: +15.83%

- Hords PLC: +10.00%

- Atlantic Lithium Limited: +5.13%

- Societe Generale Ghana PLC: +3.17%

Biggest Losers:

- Ecobank Transnational Inc.: -36.24%

- CalBank PLC: -18.89%

- Ghana Commercial Bank PLC: -15.16%

- SIC Insurance Company PLC: -11.50%

- Access Bank Ghana PLC: -9.80%

- Enterprise Group PLC: -8.88%

- Ecobank Ghana PLC: -8.88%

- Republic Bank (Ghana) PLC: -6.64%

- Scancom PLC (MTN Ghana): -4.41%

- TotalEnergies Marketing Ghana PLC: -3.59%

- Unilever Ghana PLC: -1.78%

- Guinness Ghana Breweries PLC: -1.60%

Fixed Income Market Growth

The Ghana Fixed Income Market also saw a strong month, with trading volumes rising 39.30% year-on-year to reach 26.56 billion.

The trading activity was split across three main areas:

- Government Notes and Bonds: Accounted for 53.38% of total volume

- Treasury Bills: Accounted for 46.54% of total volume

- Corporate Bonds: Accounted for 0.08% of total volume