Guinness Ghana Breweries Limited (32.08%) led the top gainers on the Ghana Stock Exchange (GSE) in July 2023 as the strong run of the stock market continued.
The GSE consequently recorded a year-to-date return of 21.30%.
The other top four performing stocks in the month under review were Societe Generale (23.73%), MTN Ghana (8.33%), CalBank (6.67%) and TotalEnergies (5.43%).
The GSE Financial Stock Index also closed higher than the previous month, reducing its negative year-to-date return to 16.44%.
In terms of trading activities, both volume and value traded increased significantly by 669.42% and 24.25% percent respectively compared to the previous month.
Strong performances recorded by listed companies in their half-year results and bullish investor sentiments accounted for this positive outturn.
Meanwhile, the Ghana Fixed Income Market closed the month with 5.54 billion in volume traded, which was a marginal increase of 2.40% over the previous month and a 71% decline from the same period in 2022.
Trades in short-term government securities accounted for 40% of activity on the market.
Volume and value traded were 35,248, 344 and ¢18.361 million, both down 45.21% and 70.14% respectively, compared to the same period last year.
Jan – July 2023 | Jan - July 2022 | |
GSE CI YTD change | 21.80% | -8.70% |
Volume | 262,135,876 | 1,155,403,90 |
Value (¢) | 349.3m | ¢1.123bn |
GSE-CI | 2,976.77 | 2,518.8 |
Market Cap. | ¢72.07 billion | 64.38bn |
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