The Ghana Stock Exchange (GSE) continued its impressive performance in 2026 as the GSE Composite Index (GSE-CI) rose by 1.4% week-on-week to settle at 14,303.4 points last week.
This lifted the year-to-date gain to 63.1%, while the 30-day performance turned flat after erasing earlier losses.
The index advance was driven by gains in Telecom, Banking and Consumer sector stocks.
Aggregate market turnover rose by 2.3% week-on-week(w/w) to US$4.8 million, with Scancom Plc (MTN GH) driving activity and contributing 81.6% of the total value traded.
Market breadth leaned negative at a 9:3 ratio in favour of decliners, although gains in high-weighted stocks supported the index.
GCB Bank Plc (+4.6% w/w | GH¢42.08) led the gainers’ chart, while Société Générale Ghana (- 7.4% w/w | GH¢4.63) was the worst laggard.
Fan Milk’s 9M2026 profit after tax surged 308.9% year-on-year to GH¢173.3mn, driven by 30.2% revenue growth and a 14.1% decline in cost of sales, which lifted gross margin by 22.2 percentage points to 57.0%.
Unilever Ghana’s profit after tax rose 205.4% year-on-year to GHS 180.6 million on 18.6% revenue growth and lower input costs, although marketing expenditure rose 58.1%.
Kasapreko’s profit after tax grew 14.3% year-on-year to GH¢295.8 million, as higher costs squeezed gross margin by 1.2 percentage points to 29.7%.
TotalEnergies’ profit after tax fell by 16.1% year-on-year to GH¢221.8mn, as revenue declined 18.1% on weaker sales volumes.
IC Insights expects the nine-month 2026 results to drive stock-specific repricing as investors reassess earnings performance, margin trends and growth prospects across the market.