Thirteen stocks recorded gains in May 2025, the Ghana Stock Exchange Summary of Financial and Economic Data has revealed.

This is compared to 15 stocks in April 2025.

SIC Insurance Company was the biggest gainer (44.29%), followed by Access Bank PLC (22.04%) and Ecobank Ghana (13.41%).

GCB Bank PLC (8.51%), Fan Milk PLC (7.89%), Enterprise Group PLC (7.14%), Unilever Ghana PLC (4.91%), Benso Palm Plantation PLC (4.61%), Guiness Ghana Breweries PLC (4.31%), Ghana Oil Company PLC (2.27%), Société Generale Ghana PLC  (2.27%), TotalEnergies Marketing Ghana PLC (1.67%) and Ecobank Transnational Inc (1.14%) were the other top gainers.

On the losing side were NewGold (-22.11%), CalBank PLC (-10.77%) and Scancom PLC (-1.32%).

The GSE Composite Index gained 0.90% in May 2025 to close the month at 6,150.31 points, bringing its year-to-date gain to 25.81%. The GSE Financial Stock Index also recorded a 3.37% increase, resulting in a year-to-date gain of 35.13%.

Debt Market

Meanwhile, the Ghana Fixed Income Market (GFIM) closed the month with a total traded volume of 19.07 billion, representing 83.56% increase compared to the 10.39 billion recorded during the same period last year.

Treasury Bills accounted for 49.38% of volumes traded, whilst the Government Bonds contributed 44.06%.

The Bank of Ghana Bills contributed 5.66% and Corporate Bond made up the remaining 0.89%.

The market experienced a slowdown in trading activity in May, with a total volume of 34,534,543 shares traded, amounting to GHS186,648,515.64 in value. This represents an 86.50% decrease in volume and a 52.88% decline in value compared to the same period last year.

Notwithstanding, the number of reported transactions in the month increased from 14,053 (April) to 20,118 (May).