From a negative 1.47% in February, stocks rallied in March to close at 12.33%. The rally was led by Total, MTN and Unilever. Financial stocks were however not part of this rally as the GSE-FI tumbled to a double digit loss of 11.98%. Financial stocks are being significantly affected by the Domestic Debt Exchange Programme which has shaken investors’ confidence in the stability and future profitability of the listed banks.
See how all stocks performed below.
| Equity | Share Price (GH¢) | March Returns | Full Year Returns |
| Total Petroleum Ghana Ltd | 6.39 | 40% | 60% |
| MTN Ghana Ltd | 1.25 | 36% | 42% |
| Unilever Ghana Limited | 4.00 | 34% | 3% |
| Benso Oil Palm Plantation Ltd | 11.67 | 21% | 53% |
| Guinness Ghana Breweries Ltd. | 1.50 | 9% | -27% |
| Trust Bank Limited (THE GAMBIA) | 0.82 | 2% | 2% |
| NewGold Issuer Limited | 229.00 | 2% | 5% |
| AngloGold Ashanti Limited | 0.41 | 0% | 0% |
| Access Bank Ghana | 4.00 | 0% | 0% |
| Agricultural Development Bank | 5.06 | 0% | 0% |
| AngloGold Ashanti Limited | 37.00 | 0% | 0% |
| Aluworks LTD | 0.10 | 0% | 0% |
| Asante Gold Corp | 8.87 | 0% | 0% |
| Clydestone (Ghana) Limited | 0.03 | 0% | 0% |
| Camelot Ghana Ltd | 0.10 | 0% | 0% |
| Cocoa Processing Company | 0.02 | 0% | 0% |
| DASPHARMA | 0.40 | 0% | 0% |
| Digicut | 0.09 | 0% | 0% |
| Ecobank Transnational Incorporation | 0.15 | 0% | 0% |
| Ghana Commercial Bank Limited | 3.15 | 0% | -20% |
| HORDS LTD | 0.10 | 0% | 0% |
| Intravenous Infusions (IIL) | 0.04 | 0% | 0% |
| Mega African Capital Limited | 5.38 | 0% | 0% |
| Meridian-Marshalls Holdings | 0.11 | 0% | 0% |
| Produce Buying Company Ltd. | 0.02 | 0% | 0% |
| Republic Bank | 0.54 | 0% | 0% |
| Samba Foods Ltd | 0.55 | 0% | 0% |
| Standard Chartered Bank Ghana Ltd – Preference Shares | 0.90 | 0% | 0% |
| SIC Insurance Company Limited | 0.31 | 0% | 0% |
| Sam Wood Ltd. | 0.05 | 0% | 0% |
| Tullow Oil Plc | 11.92 | 0% | 0% |
| CAL Bank Limited | 0.50 | -2% | -23% |
| Ghana Oil Company Limited | 1.64 | -2% | -5% |
| Enterprise Group Limited | 3.00 | -6% | -6% |
| Ecobank Ghana Ltd | 5.40 | -10% | -19% |
| Standard Chartered Bank Ghana Ltd. | 17.10 | -14% | -15% |
| Societe Generale Ghana Limited | 0.62 | -31% | -38% |
| Fan Milk Limited | 1.29 | -38% | -57% |