Audio By Carbonatix
The Ghana Stock Exchange recorded 9 percent return in the first quarter of the year.
In other words, investors who bought securities on the exchange between January and March could realize that margin of appreciation in the value of their shares.
The appreciation, though marginal, compared to previous return, is still better than other investments like treasury bills and the interest that you would have realized on your bank deposits in a year.
Deputy Managing Director of the Ghana Stock Exchange, Ekow Afedzie explains to JOYBUSINESS what accounted for this sterling performance:
“The main driver is the fact that the results posted by most of these companies have been good, if you look at Tullow, if you look at some of the companies listed they posted very good results for 2011. To me that is driving the index up, driving the prices up.”
Meanwhile, Shares of Benso Oil Palm plantation returned nearly 60 percent to investors, the best on the Ghana Stock Exchange for quarter one.
In other words, investors who bought into Benso, from January to march realize nearly 60 percent margin of appreciation in the value of their shares.
Benso Oil’s performance beats other blue chip stocks like Ghana Commercial Bank and Total Oil.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
EPA, Columbia University partner to map air pollution across Ghana — even in places without monitors
3 minutes -
Municipal Assemblies gain real-time pollution data as Breathe Accra expands air quality monitoring network
6 minutes -
2026 JoyNews Impact Makers honouree Dr Akunzule donates award prize to support women basket weavers in Upper East
14 minutes -
Multimedia Group joins Sammy Gyamfi to mourn late father-in-law
56 minutes -
Arsenal heartbreak as PSG win shootout to retain UCL title
2 hours -
Fans go wild at Hitz FM Rep Ur Jersey as PSG retain UCL title in penalty thriller
2 hours -
Xenophobia: NUGS President warns of mass action if gov’t renews Gold Fields lease
3 hours -
Photos from 2026 Hitz FM Rep Ur Jersey
4 hours -
Sterling arrested on suspicion of drug-driving
4 hours -
Ageing fire tenders, lack of hydrants threaten emergency response in Tema Region
5 hours -
Fans defy rain to watch Champions League final at Hitz FM Rep Ur Jersey
5 hours -
Bijou Homes showcases affordable living at 2026 Open House Fair
5 hours -
Barker-Vormawor challenges legitimacy of Anti-LGBTQ+ Bill approval
5 hours -
African Games audit findings are too serious to ignore; officials must answer – NITA Boss
6 hours -
An open letter to the President of the Republic of Ghana
6 hours