According to Ceditalk, As at the last day of trading in September, stocks were up 29.81% with Fan Milk, Guinness and Societe Generale leading the way this month. Financial stocks are now down only single digits this year at 7.91% after being down by as much as 18% in May this year. See how all stocks performed below.
Equity | Share Price (GH¢) | September Returns | Full Year Returns |
Fan Milk Limited | 3 | 118.12% | 0.33% |
Guinness Ghana Breweries Ltd. | 2.05 | 34.92% | 65.85% |
Societe Generale Ghana Limited | 1 | 31.67% | 58.00% |
Unilever Ghana Limited | 3.88 | 18.08% | 108.76% |
Standard Chartered Bank Ghana Ltd. | 20.16 | 17.00% | -3.37% |
Ecobank Ghana Ltd | 6.64 | 10.26% | -35.24% |
Benso Oil Palm Plantation Ltd | 7.65 | 9.98% | 143.53% |
Access Bank Ghana | 4.01 | 9.93% | -22.69% |
Asante Gold Corp | 8.87 | 0.11% | 0.11% |
AngloGold Ashanti Limited | 0.41 | 0.00% | 0.00% |
Agricultural Development Bank | 5.06 | 0.00% | 0.00% |
AngloGold Ashanti Limited | 37 | 0.00% | 0.00% |
Aluworks LTD | 0.1 | 0.00% | 0.00% |
Clydestone (Ghana) Limited | 0.03 | 0.00% | 0.00% |
Camelot Ghana Ltd | 0.1 | 0.00% | 0.00% |
Cocoa Processing Company | 0.02 | 0.00% | 0.00% |
DASPHARMA | 0.4 | 0.00% | 0.00% |
Digicut | 0.09 | 0.00% | 0.00% |
Enterprise Group Limited | 3.2 | 0.00% | -24.69% |
Ecobank Transnational Incorporation | 0.15 | 0.00% | 0.00% |
Ghana Commercial Bank Limited | 3.94 | 0.00% | -11.17% |
HORDS LTD | 0.1 | 0.00% | 0.00% |
Intravenous Infusions (IIL) | 0.04 | 0.00% | 0.00% |
Mega African Capital Limited | 5.38 | 0.00% | 0.00% |
Meridian-Marshalls Holdings | 0.11 | 0.00% | 0.00% |
Produce Buying Company Ltd. | 0.02 | 0.00% | 0.00% |
Pesewa One PLC | 0.68 | 0.00% | 0.00% |
Republic Bank | 0.54 | 0.00% | 0.00% |
Samba Foods Ltd | 0.55 | 0.00% | 0.00% |
Standard Chartered Bank Ghana Ltd – Preference Shares | 0.9 | 0.00% | 0.00% |
SIC Insurance Company Limited | 0.31 | 0.00% | -22.58% |
Trust Bank Limited (THE GAMBIA) | 0.8 | 0.00% | 2.50% |
Tullow Oil Plc | 11.92 | 0.00% | 0.00% |
Total Petroleum Ghana Ltd | 4 | 0.00% | 125.00% |
MTN Ghana Ltd | 0.88 | -2.03% | 64.77% |
NewGold Issuer Limited | 217.8 | -2.69% | -2.20% |
Ghana Oil Company Limited | 1.72 | -3.18% | -11.63% |
CAL Bank Limited | 0.65 | -14.75% | -20.00% |

In a dynamic month for the Ghana Stock Exchange, various equities experienced fluctuations, with some registering significant gains while others faced notable declines. Here’s a snapshot of the performance of selected stocks in September and their overall returns for the year:
Top Performers
- Fan Milk Limited
- Share Price (GH¢): 3
- September Returns: 118.12%
- Full Year Returns: 0.33%
- Guinness Ghana Breweries Ltd.
- Share Price (GH¢): 2.05
- September Returns: 34.92%
- Full Year Returns: 65.85%
- Societe Generale Ghana Limited
- Share Price (GH¢): 1
- September Returns: 31.67%
- Full Year Returns: 58.00%
- Unilever Ghana Limited
- Share Price (GH¢): 3.88
- September Returns: 18.08%
- Full Year Returns: 108.76%
- Benso Oil Palm Plantation Ltd
- Share Price (GH¢): 7.65
- September Returns: 9.98%
- Full Year Returns: 143.53%
Noteworthy Movers
- Standard Chartered Bank Ghana Ltd.
- Share Price (GH¢): 20.16
- September Returns: 17.00%
- Full Year Returns: -3.37%
- Ecobank Ghana Ltd
- Share Price (GH¢): 6.64
- September Returns: 10.26%
- Full Year Returns: -35.24%
- Access Bank Ghana
- Share Price (GH¢): 4.01
- September Returns: 9.93%
- Full Year Returns: -22.69%
- MTN Ghana Ltd
- Share Price (GH¢): 0.88
- September Returns: -2.03%
- Full Year Returns: 64.77%
- CAL Bank Limited
- Share Price (GH¢): 0.65
- September Returns: -14.75%
- Full Year Returns: -20.00%
Observations
- Star Performers: Companies like Fan Milk Limited and Unilever Ghana Limited showcased impressive performances, indicating robust investor confidence.
- Banking Sector: While some banks, such as Access Bank Ghana, experienced positive returns, others like Standard Chartered Bank Ghana Ltd. and SIC Insurance Company Limited faced challenges.
- Telecom Sector: MTN Ghana Ltd encountered a slight dip in September but maintained a solid full-year performance.
As investors navigate the ever-changing landscape of the stock market, the September reports provide valuable insights into the diverse trajectories of various equities.