GSE records bullish performance in 2020 …despite macroeconomic challenges
The Ghana Stock Exchange (GSE) recorded bullish performance last year in spite of the macroeconomic challenges.
The Equities market closed the year with an increase in volume, value and number of transactions.
The volume of shares traded last year on the Accra bourse increased to 1,335,262,647 in 2022 from 486,587,748, representing an increase of 174.41 per cent, the GSE said in a statement on the full year report on trading activities, copied to the Ghanaian Times in Accra on Tuesday.
It said the value of shares traded rose to 1,639,787,622.32 in 2022 from 533,270,293.38 in 2021, representing an increase of 207.50 per cent.
“The number of transactions increased by 38.23 per cent compared with the same period last year,” the statement said.
According to the statement, market capitalisation increased by 0.32 per cent from GH¢ 64, 495.20 million at the end of December 2021 to GH¢ 64, 507.32 million at the end of December 2022.
However, it stated that the Composite and Financial Stock Indexes returned -12.38 per cent and -4.61 per cent respectively.
The top gainers for the year were SIC, which recorded a gain of 287.59 per cent, and TBL also recorded a gain of 135.29 per cent.
Access, the statement said, recorded a gain of 27.30 per cent, BOPP gained 15.04 per cent and EG recorded a gain of 14.70 per cent.
It explained that the Ghana Fixed Income Market closed the year with a cumulative volume trade of 230.68 billion, which was a 10.60 per cent increase from the 298.57 billion volumes traded same period last year.
“The bond market closed the year with cumulative volume trade of 230.68 billion, representing an increase of 10.68 per cent compared with the total volume trade of 208.57 billion in the previous year,” the statement said.
It said the total number of trades for the year increased by 58.30 per cent from the 346.803 trades in 2021 to 528.188 trades in 2022 from 215.8 billion in 2021, representing an increase of 2.46 per cent.
BY KINGSLEY ASARE
