GSE records increase in market capitalisation

Total market capitalisation of the Ghana Stock Exchange (GSE) at the end of January this year rose to GHC64.5 million.

This represents an increase of 16.56 per cent of the GHC55.3 million recorded in the same period last year.

The summary of the January 2020 market activities issued by the GSE and copied to the Ghanaian Times said the market witnessed a surge in the number of transactions.

It said the market recorded 1,489 transactions which was 75.59 per cent more than the 848 transactions recorded in the same period last year.

“The month closed with 34.58 million shares valued at GHC38.28 million changing hands, the figures recorded represents a 64.98 per cent and 45.09 per cent decrease in volume and value traded respectively over the same period last year,” the GSE said.

The volume and value traded in the same period, the statement said, stood at 98.6 million and 69.8 million.

The GSE Composite Index rose to 2,766.80 at the end of January this year from 2,027.12, representing an increase of 36.49 per cent.

On the bond market, the GSE said the Ghana Fixed Income Market started the year with a volume traded of 16.68 billion, which was an 8.08 per cent decline compared with the same period 2021.

It said the number of trades during the month was 48,851, which was 152.38 per cent more than the same period last year.

However, the performance of the GSE for January this year started on bearish note as the bourse recorded a drop in return.

The market closed the month with a return of 0.81 per cent, compared with the 4.41 per cent recorded in the same period last year.

BY KINGSLEY ASARE

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