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GSE begins week with strong rally as banking and energy stocks rise

by The Sikaman Times
March 9, 2026
GSE begins week with strong rally as banking and energy stocks rise
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Trading on the Ghana Stock Exchange opened the week on a positive note, with the benchmark GSE Composite Index posting a significant gain on Monday.

Market data from the 7,168th trading session on March 9, 2026, showed the index rising by 314.09 points to close at 14,587.17. The GSE Financial Stocks Index also climbed sharply, adding 334.36 points to finish at 9,285.94.

The strong performance pushed total market capitalisation to GH¢267.45 billion, up from GH¢262.08 billion recorded at the close of trading last Thursday.

A total of 2,291,013 shares were traded during the session, with a market value of GH¢17.66 million. Although trading volumes eased slightly compared with the previous session, several stocks recorded notable gains.

Access Bank Ghana PLC led the rally, with its share price jumping by GH¢4.24 to close at GH¢46.64 after 22,562 shares were traded.

Shares of Standard Chartered Bank Ghana PLC also surged by GH¢5.71 to reach GH¢62.86, while GCB Bank PLC gained GH¢3.86 to end trading at GH¢52.00.

In the commodities and energy segment, Benso Palm Plantation PLC advanced by GH¢4.99 to GH¢79.00, and Ghana Oil Company Limited rose by GH¢0.58 to close at GH¢6.39.

Other gainers included SIC Insurance Company PLC, Guinness Ghana Breweries PLC, Enterprise Group PLC, Ecobank Transnational Inc. and Scancom PLC.

However, a few equities ended the session slightly lower, including Cal Bank PLC and Societe Generale Ghana PLC.

Overall, the exchange has maintained a strong upward trend since the start of the year. The benchmark index has gained more than 66 per cent, while the financial stocks index has almost doubled investor returns.

Market observers say the sustained rally could push the composite index closer to the 15,000-point mark if the current momentum continues.

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