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
-
“He never let the trappings of power distance him from the people he served” – Bagbin honours Mills’ legacy
1 minute -
DVLA working to reduce reliance on ‘Goro Boys’ by expanding access to services – CEO
2 minutes -
Experts urge gov’t to harmonise FDA regulations, expand access under herbal medicines list
9 minutes -
NBA star LeBron James to join Philadelphia 76ers
12 minutes -
Ghana must stop fighting floods only after they occur
17 minutes -
Ghana Armed Forces ready to deal with Nkwanta South security threats — Army Chief
38 minutes -
New DVLA system uncovers over 130 suspected cloned cars – CEO
59 minutes -
Photos: Mahama and other dignitaries honour late President Mills at 14th memorial ceremony
1 hour -
The greatest tribute to Atta Mills is to uphold his values – Mahama
1 hour -
NCCE urges Ghanaians to continue to be law-abiding
1 hour -
42% of HR professionals dissatisfied with pay — SEDAT report
1 hour -
Wa High Court sentences Imam Ilyasu Kunateh to 10 years for defilement of 7-year-old boy
2 hours -
I remain committed to Atta Mills’s vision for Ghana – Mahama
2 hours -
Unemployed Trained Teachers demand update as deadline for recruitment results expires
2 hours -
WAFCON 2026: Bank of Africa sponsors JoySports to cover tournament in Morocco
2 hours