Ghana Stock Exchange shows robust growth
The Ghana Stock Exchange (GSE) demonstrated impressive performance in June, with significant gains in both the high-profile GSE Composite Index and the GSE Financial Stock Index, signaling robust investor confidence and market vitality.
Market Highlights
The GSE Composite Index surged by 2.02% in June, reaching 3,829.61 points, pushing its year-to-date gain to a remarkable 22.34%. Similarly, the GSE Financial Stock Index saw a notable increase of 3.04%, climbing to 2,115.04 points, and achieving an 11.23% year-to-date gain.
Top price gainers for the month included UNILEVER with a 23.08% increase, some other top gainers being GCB Bank (20.61%), FanMilk (15.36%), Allure Ghana (9.09%), and Guinness Ghana (5.86%).
Fixed Income Market Surge
The GSE’s Fixed Income Market also experienced substantial growth, closing the month with a traded volume of 9.18 billion. This represents a 69.62% increase compared to June 2023. Treasury Bills dominated the market, accounting for 72.59% of the volumes traded, while Government Bonds contributed 27.30%, and Corporate Bonds made up the remaining 0.11%.
Trading Activity Boom
June saw a significant increase in trading activity, with 39,746,912 shares traded, valued at GHS 87,971,418.11. This represents a staggering 767.62% increase in volume and a 495.30% increase in value compared to the same period in 2023.
Year-to-date performance recorded a cumulative trading volume of 584,649,319 shares valued at GHS 984,505,958.87, marking a 157.68% increase in volume and a 197.41% rise in value compared to the corresponding period last year.
Ghana Fixed Income Market Performance
On the Ghana Fixed Income Market, the month concluded with a total traded volume of 9.18 billion, reflecting an 11.65% decrease compared to the preceding month. However, this volume represents a significant 69.62% increase compared to the same period in 2023. Year-to-date trading volume reached 71.45 billion, marking a 74.74% increase over the 40.89 billion traded in the corresponding period last year.
These figures underscore the Ghana Stock Exchange’s strong performance and resilience, indicating a positive outlook for the country’s financial markets as they continue to attract substantial investor interest and capital inflows.
