The GSE continues to show some resilience in the face of challenges confronting the Ghanaian economy. Stocks have returned 16.33% year-to-date with embattled financial stocks still managing to return 13.71% to shareholders.
The big news for September was the addition of MTN Ghana in Ghana’s largest ever IPO. The stock has gone on to attract lots of investor attention and it is up 17% since listing on the 5th of this month.
Below is how all stocks performed for the month and their total gain from the start of the year.
| Equity | September Performance | 2018 Performance |
| Total Petroleum Ghana Ltd | 18.79% | 55.81% |
| MTN Ghana Ltd | 17.33% | 17.33% |
| Ayton Drugs Manufacturing Company Ltd | 14.29% | -20.00% |
| Trust Bank Limited (THE GAMBIA) | 7.69% | -20.00% |
| CAL Bank Limited | 6.36% | 8.33% |
| Standard Chartered Bank Ghana Ltd. | 0.31% | 3.37% |
| AngloGold Ashanti Limited | 0.00% | 0.00% |
| African Champion Industries Ltd. | 0.00% | 0.00% |
| Agricultural Development Bank | 0.00% | 1.88% |
| AngloGold Ashanti Limited | 0.00% | 0.00% |
| Aluworks LTD | 0.00% | -50.00% |
| Clydestone (Ghana) Limited | 0.00% | 0.00% |
| Cocoa Processing Company | 0.00% | 0.00% |
| Digicut | 0.00% | 12.50% |
| Ghana Commercial Bank Limited | 0.00% | 5.94% |
| NewGold Issuer Limited | 0.00% | 0.00% |
| Golden Star Resources Ltd. | 0.00% | 0.00% |
| HORDS LTD | 0.00% | 0.00% |
| Intravenous Infusions (IIL) | 0.00% | 0.00% |
| Mega African Capital Limited | 0.00% | 0.00% |
| Mechanical Lloyd Company Ltd | 0.00% | 50.00% |
| Meridian-Marshalls Holdings | 0.00% | 0.00% |
| Pioneer Kitchenware Ltd. | 0.00% | 0.00% |
| Samba Foods Ltd | 0.00% | 0.00% |
| Standard Chartered Bank Ghana Ltd. | 0.00% | -4.17% |
| Starwin Products Limited | 0.00% | -33.33% |
| Sam Wood Ltd. | 0.00% | 0.00% |
| Tullow Oil Plc | 0.00% | -30.03% |
| Unilever Ghana Limited | 0.00% | 38.71% |
| Enterprise Group Limited | -1.29% | -17.57% |
| Republic Bank | -2.03% | 4.32% |
| PZ Cussons Ghana Ltd | -4.00% | 140.00% |
| Ecobank Transnational Incorporation | -4.76% | 25.00% |
| Guinness Ghana Breweries Ltd. | -5.24% | 14.08% |
| Ecobank Ghana Ltd | -5.80% | 11.18% |
| Ghana Oil Company Limited | -6.02% | 4.46% |
| Access Bank Ghana | -7.93% | -11.11% |
| Fan Milk Limited | -8.21% | -30.51% |
| Benso Oil Palm Plantation Ltd | -12.02% | 4.08% |
| Societe Generale Ghana Limited | -13.56% | 24.39% |
| Camelot Ghana Ltd | -16.67% | -9.09% |
| Produce Buying Company Ltd. | -25.00% | -50.00% |
| SIC Insurance Company Limited | -31.82% | 50.00% |
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