# West African equities market activity > Live situation record from CLSTR: https://clstr.news/situations/west-african-equities-market-activity > Updated: 2026-08-22T03:35:04.000Z. Sources: 11. Developments: 2. West African equities markets in Nigeria and Ghana have experienced significant surges in trading volume during August 2026. In Nigeria, the equities market saw traded volume increase by 126.8 percent to 12.153 billion shares, though the NGX All-Share Index declined by 1.20 percent due to profit-taking. The financial services industry dominated activity, representing over 92 percent of total equity turnover. Additionally, capital expenditure among selected Nigerian technology firms rose by 75 percent in the first half of 2026. Similarly, the Ghana Stock Exchange reported a 145.35 percent rise in equities turnover, reaching GH¢76.91 million. While the GSE Composite Index and Financial Stocks Index both declined, the information and communications technology sector accounted for 62.64 percent of the weekly traded value. Market leadership in Ghana was driven by MTN Ghana and GCB Bank. GSE Managing Director Abena Amoah noted that monthly trades have increased significantly from last year, signaling a rise in retail investor participation. ## Timeline ### 2026-08-22: Ghana Stock Exchange trading turnover rises 145% in a week The Ghana Stock Exchange saw weekly trading turnover jump 145% to GH¢76.91 million, driven by the ICT sector, despite a slight dip in major indices. Year-to-date, the equities index has gained over 72%. 6 sources. https://clstr.news/cluster/ghana-stock-exchange-trading-turnover-rises-145-in-a-week ### 2026-08-14: Nigeria equities market sees surge in trading volume and tech investment Nigerian equities saw a 126.8% surge in weekly trading volume, while listed tech firms increased capital expenditure by 75% amid strengthening liquidity. 4 sources. https://clstr.news/cluster/nigeria-equities-market-sees-surge-in-trading-volume-and-tech-investment --- Cite as: West African equities market activity. CLSTR, https://clstr.news/situations/west-african-equities-market-activity