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
-
Italy busts €300 million streaming piracy ring
48 minutes -
QNET, Manchester City Host Grassroots Football Clinic in Ghana
2 hours -
Stakeholders demand urgent intervention in Ghana Swimming Association crisis
4 hours -
Labourer remanded for allegedly robbing financial consultant
4 hours -
Two granted GH¢200K bail each over maize fraud
4 hours -
Panama backs Morocco’s autonomy plan on Sahara dispute
4 hours -
King Mohammed VI pardons Senegalese fans convicted during AFCON
4 hours -
Morocco wants tourists to visit Western Sahara. Some say it’s tightening its control
5 hours -
East Africa wants to curb imports of used clothes. But it’s not easy
5 hours -
Ebola outbreak poses massive challenges, warns nurse
5 hours -
Bolivian minister’s convoy ambushed while overseeing roadblock clearance
5 hours -
One killed and many feared trapped under collapsed building in Philippines
5 hours -
Trump tells US negotiators ‘not to rush’ into deal with Iran
5 hours -
Conte to leave Napoli a year after winning Serie A
6 hours -
Iraola signs off after writing new Bournemouth chapter
6 hours