Audio By Carbonatix
The market capitalization on the Ghana Stock Exchange (GSE) increased significantly to GH¢100.1 billion in October 2024.
This is compared with GH¢73.9 billion recorded in October 2023.
According to the Bank of Ghana, the increase in market capitalization was driven by appreciation in share prices, underpinned by renewed investor confidence particularly in the mining, IT, and finance sectors, and issuance of new shares by banks as part of the capital restoration efforts.
The Central Bank described the performance of stocks on the GSE as strong.
“With limitations in alternative investment options in the money market resulting from the Domestic Debt Exchange, investor appetite for stocks traded on the GSE has increased considerably”, it added.
The activities on the exchange have also benefited from improved macroeconomic conditions.
In September 2024, nine stocks increased in value on the GSE compared to five losers.
Latest Stories
-
Damang takeover: There is not going to be any job loss; it is a lease change – Bobby Banson
20 minutes -
Gold Fields didn’t stop mining at Damang mines; such claims are untrue – Bobby Banson
23 minutes -
Engineers and Planners currently operate only in Ghana – Bright Simons
41 minutes -
Lands Minister has no legal basis to restrict lease to Ghanaian firms – Bright Simons
46 minutes -
Gov’t’s refusal to renew Gold Fields’ lease was simply untenable – Bright Simons
48 minutes -
SOS Children’s Villages Ghana deepens partnership with Gender Ministry
1 hour -
Gender Ministry celebrates Christina Koch, reaffirms commitment to empowering girls
1 hour -
Live stream: Newsfile digs into E&P’s takeover of Damang Mines, OSP powers and Anti-LGBTQ Bill
1 hour -
Moody’s maintains Ghana’s rating at Caa1, revises outlook to positive
2 hours -
Zambia elevates tourism education to national priority as President Hichilema backs continental summit
3 hours -
Activa promotes credit insurance to boost SME export growth
3 hours -
ILTM Africa 2026 opens doors to inbound and outbound luxury travel in Cape Town
3 hours -
“BP Soul Travel and Tours scored the highest marks” – Sports Minister Kofi Adams endorses agency for World Cup travel
3 hours -
‘At the age of 12, I was teaching people and collecting money from them’ – Forty Under 40 Awards
4 hours -
I broke my virginity at the age of 26 after university – Richard Abbey Jnr.
5 hours