The Ghana Stock Exchange (GSE) continued its positive performance in June for this year, showing improved trading activity on the market.
The market experienced substantial growth in trading activity in June, with 39,746,912 shares traded on the market valued at GH₵ 87,971,418.11.
This represents 767.62 per cent increase in volume and a 495.30 per cent increase in value compared to the same period last year.
Data from the summary of market activities in June 2024, made available to the Ghanaian Times, indicated that the GSE Composite Index rose by 2.02 per cent to 3,829.61 points, resulting in a year-to-date gain of 22.34 per cent.
The year-to-date performance showed a total trading volume of 584,649,319 shares valued at GH₵ 984,505,958.87, representing a 157.68 per cent increase in volume and a 197.41 per cent rise in value compared to the same period last year, according to the GSE.
Furthermore, the GSE Financial Stock Index increased by 3.04 per cent to 2,115.04 points, leading to a year-to-date gain of 11.23 per cent. The top price gainers for the month were UNIL (23.08 per cent), GCB (20.61 per cent), FML (15.36 per cent), ALLGH (9.09 per cent), and GGBL (5.86 per cent).
In terms of the Fixed Income Market, the GSE reported a total traded volume of 9.18 billion at the end of the month, showing an 11.65 per cent decrease from the previous month. Treasury Bills accounted for 72.59 per cent of the traded volumes, government bonds contributed 27.30 per cent, and corporate bonds made up the remaining 0.11 per cent, as stated by the GSE.
However, this volume represents a significant 69.62 per cent increase compared to the same period last year.
“Year-to-date trading volume reached 71.45 billion, marking a 74.74 per cent increase over the 40.89 billion traded in the corresponding period last year,” the GSE stated.
It said the total market capitalisation at the end of June this year stood at GH₵ 85.1 billion from GH₵ 70.2 billion in May, representing 21.15 per cent increase.
BY KINGSLEY ASARE
