The bond market recorded a decrease of 52.7% year-on-year in volume traded in 2023, the Ghana Stock Exchange Market Summary for 2023 has stated.
According to the report, the volume traded last year was 98.44 billion, as against 230.32 billion in 2022.
The Domestic Debt Exchange Programme continued to impact significantly on the debt market.
According to the report, the total number of trades for 2023 also declined by 24.36%, from 528,188 trades in 2022 to 399,522 trades in 2023.
Long-term government securities accounted for 32.47% of market activity, while short-term government instruments constituted 58.64%, with corporate trades comprising 8.89% within the year.
On the equity market, the year closed with a decrease in volume, value, and number of trades, compared to the figures from the previous year.
The top gainers for the year were Intravenous Infusion Limited (25.00%), Benso Oil Plam Plantation (10.39%), Fanmilk (7.62%) and GOIL (3.45%).
The GSE closed the year with the Composite Index returning 28.08% despite the challenges in the capital market in 2023. However, the Financial Stock Index recorded a year-to-date loss of 7.36%.
January-December 2023 | January -December 2022 | % Change | |
GSE CI YTD Change | 28.08% | -12.38% | |
Volume | 579,675,315 | 1,335,262,647 | -56.59 |
Value (GH¢) | 818,169,530.95 | 1,639,787,622.32 | -50.11 |
GSE-CI | 3,130.23 | 2,443.91 | 28.08 |
Market Capitalization | 73,893.17 | 64,507.32 | 14.55 |
Latest Stories
-
CAFCC: “Dreams need to score early to unsettle Zamalek” – Former Zamalek striker Felix Aboagye
33 mins -
GHS launches mobile app to counter misinformation about vaccines
44 mins -
Election 2024: Care Ghana warns EC of recruiting political actors as Returning Officers
52 mins -
Mohammed Kudus gets 5th Premier League assist as West Ham hold Liverpool
53 mins -
Religious support source of my success – Asantehene
59 mins -
Sierra Leone energy minister resigns over electricity crisis, as power returns to capital
1 hour -
EC accuses Bright Simons, IMANI Africa of peddling falsehood
2 hours -
GRA/SML contract: Akufo-Addo has whitewashed the KPMG report – Inusah Fuseini
2 hours -
USM Alger receive warm welcome at Oujda Airport ahead of game against RS Berkane
2 hours -
2023/24 Ghana Hockey League to kick-off this weekend
3 hours -
All payments received from our contract with GRA are performance-based, says SML
3 hours -
Marrakech 2024: Ghana’s Zinabu Issah wins gold in women’s discus throw
3 hours -
Our contract with GRA followed due process; ignore contrary reports – SML
3 hours -
SML is just Agyapa in suit and tie – Bright Simons
4 hours -
Domelevo condemns selection of KPMG to audit GRA/SML contract as illegal and unprofessional
4 hours