Audio By Carbonatix
The Ghana Stock Exchange Composite Index (GSE-CI) grew by14.01% in March 2023 compared to last month, bringing the year-to-date gain to 12.33%.
According to the March 2023 Market Report, the continued rally of the GSE-CI was underpinned by dividend announcements from some listed companies and investors seeking to diversify their holdings.
Volumes and values traded were up significantly by 2,730% and 588% respectively, over the previous month mostly due to block trades in MTN Ghana shares.
Total Energies (39.82%), MTN Ghana (35.87%), Unilever (33.78%), BOPP (20.93%), and Guinness Ghana Breweries Limited (9.49%) were the top five price gainers of the month.
GSE fixed income market dips
On the other hand, the GSE’s Ghana Fixed Income Market closed March 2023 with a volume traded of 5.57 billion, a decline of 39.26% and 80.18% respectively over the previous month’s and same period in 2022 numbers.
Yields on short-term government securities came down significantly during the month.
The 91-day Treasury bill ended the month at 19.39% from 35.55% at the beginning of March 2023.
The new Government of Ghana bonds witnessed thin trading during its first full month on trading, post Domestic Debt Exchange Programme.
| MARCH 2023 | MARCH 2022 | % CHANGE | |
| GSE-CI YTD change | 12.33% | -1.67% | |
| Value traded | 199,048,178.41 2 | 301,850,157.39 | -34.06 |
| Market capitalization | 67,846.89 | 64,029.79 | 5.96 |
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