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There's a Better Way

Tumu Avenue, Kanda
Joined July 2024
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🥁 Drum Roll, Please 🥁 You guessed. You speculated. You asked. Well… the wait is finally over. And yes… it was worth the wait! Swipe to see what we’ve been teasing you about all along😉 #BlackStar #Investments #Brokerage #MarketInsights #GhanaMarkets #GlobalEquities
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Tender 2031 saw rates ease across all three papers once again. Total bids came in at GHS 2.55 billion against a target of GHS 2.45 billion, with the government accepting GHS 1.92 billion, the bulk of which was the 91-day bill at GHS 1.23 billion.
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With GHS 2.05 billion maturing, the amount accepted fell marginally short of covering refinancing obligations. With next week’s target stepping up to GHS 3.54 billion, the question is whether participation can keep pace given the sustained decline in rates across all tenors.
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The GSE-CI gained 0.39% as SIC led the gainers with an 8.70% jump to GHS5.00, while EGL and SOGEGH also closed higher. GCB was the main drag on the financial stocks index, falling 3.64% to GHS42.08 despite reporting a 44% increase in 3Q26 to GHS1.87 billion.
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Trading remained thin, with 1.31 million shares worth GHS8.64 million traded. MTNGH accounted for 820,000 shares worth GHS5.55 million. CMLT attracted the strongest demand, with bids for 2.15 million shares at GHS0.15, while CAL faced the most selling pressure.
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Three Days of Countless Insights; One Amazing Experience! We say a huge thank you to everyone who made this year’s Black Star Market Forum a success! Until next time, thank you for being part of the conversation! #BlackStarMarketsForum #BSMF2026 #Investing #BlackStarGroup
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Day 3 is finally here! Get ready for an exciting day of insightful conversations and fresh perspectives. See you at 10am. To register, click the link: lnkd.in/dWJ9zi2a Registration is free! #BlackStarMarketsForum #BSMF2026 #Investing #BlackStar #Investments
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The GSE-CI edged down 0.03% to 60.19% YTD, while the GSE-FSI rose 0.37%, supported by GCB’s 3.68% gain. SOGEGH fell further by 3.76% to GHS4.61, leaving it about 11% below the GHS5.18 price it traded at before the announcement of Attijariwafa Bank’s takeover deal.
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MTNGH dominated trading, accounting for 5.83 million of the 6.88 million shares traded and GHS37.90 million of total value. Buying interest strengthened, with bids exceeding offers by 1.58 million shares. CMLT attracted the strongest demand, with bids for 1.15 million shares.
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Tomorrow is the GRAND FINALE of this year’s Black Star Market Forum. See you at 10am tomorrow. To register, click the link: blackstargroup.ai/webinar/se… Registration is free! #BlackStarMarketsForum #BSMF2026 #Investing #BlackStar #Investments #MarketInsights #GhanaMarkets
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It was a pleasure having you for Day 2! See you at 10am tomorrow. To register, click the link: blackstargroup.ai/webinar/se… Registration is free! #BlackStarMarketsForum #BSMF2026 #Investing #BlackStar #Investments #MarketInsights #GhanaMarkets #GlobalEquities
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CalBank PLC delivered sustained growth in 3Q26 with net profit surging 50.6% YoY to GHS 337.18M and accumulated losses shrinking by GHS 245.5M. This slashed the bank's NPL ratio from 26.5% to 8.5%, while its capital adequacy ratio recovered from a negative 1.6% to a robust 18.4%.
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The trading week opened on a quiet note as the GSE Composite Index declined by 0.66% and the Financial Stock Index declining by 1.01%. Market activity totaled 904.88k shares valued at GHS 2.35 million, driven mainly by CAL in volume and MTNGH in value.
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While KASA went up by 0.55%, the rest of the market was hit by heavy losses led by SIC and GOIL dropping 9.40% and 7.39% respectfully. Year to date, the Non-Financial Stock Index leads with a 115.77% total return, followed by the Financial Stock Index at 102.83% total return.
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