GSE Close: Cocoa Processing jumps 41% in a week as the market dips

The Ghana Stock Exchange (GSE) experienced a slight decline this past week, with the composite index closing at 13,960.40 points on Friday, representing a 0.29 percent drop from the previous Friday's close. Leading the market's upward movement was the Cocoa Processing Company, whose shares surged by 40.8 percent, trading from GH¢0.49 to GH¢0.69. The company's shares had already increased by an impressive 460 percent by the end of September.

The benchmark index witnessed a substantial 39.97 point decline over the week, with the majority of the drop occurring on Friday when it fell by 36.03 points. The Financial Stocks Index suffered a 1.66 percent decrease, ending the week at 7,148.52 points. The overall market value fell by GH¢883 million, reaching GH¢262.4 billion.

Trading volume over the five sessions amounted to GH¢80.3 million, noticeably higher than the previous year's stock market transactions, which have grown by 365 percent. Tuesday's trading session proved particularly eventful, with GH¢51.2 million worth of shares changing hands on that single day. The bank's shares witnessed a slight decline, falling by GH¢1.73 to settle at GH¢40.00, with a trading volume of 1.28 million shares.

CalBank experienced a modest gain of 1.3 percent, rising to GH¢0.76, while adding 0.5 percent to reach GH¢6.61. GCB Bank closed the week 4.9 percent lower at GH¢39.95, whereas SIC Insurance experienced a 3.2 percent decline, dropping to GH¢4.50, and Kasapreko saw a 2.2 percent decrease, settling at GH¢1.74. Despite the week's soft performance, the overall year for the GSE has been strong, with the composite index surging 59.2 percent since the end of 2025, and the financial index increasing by 53.8 percent.

Prices quoted are the exchange's volume-weighted closing prices, published in its daily trading data, marking the first edition of GSE Close, a Friday wrap-up of the Ghana Stock Exchange.