Audio By Carbonatix
The Ghana Stock Exchange continued its impressive performance this year as it recorded 1.22% gain in in August.
At the same time, five companies registered gains in their market value.
According to the Summary of Market Activities for the month of August, Unilever Ghana (156.36%), Ecobank Transnational Incorporated (16.67%), Fanmilk (14.29%), Enterprise Group Limited (13.33%) and Total Petroleum (5%) all recorded outstanding growth in their share price.
This as a result pushed the GSE Composite Index – the benchmark value of total market performance further to 41.66%, and firmed its position as Africa’s best performing stock market, so far this year.
However, the total volume and value of shares traded went down as compared to the previous month.
This is because investors held on to benefit from dividend payments announced by the various listed firms.
The bond or fixed income market also continued its impressive run as 13.90 billion volumes were traded in the month of August. This represents an increase of 143.3% compared to same period last year.
The value traded was ¢14.4 billion, 147% increase over the same period last year.
| Jan-August 2021 | Jan-August 2020 | |
| Volume | 370.18m | 378.64m |
| Value | ¢368.71m | ¢272.54m |
| GSE CI YTD | 41.66% | -18.19% |
| Market Capitalization | ¢62.9bn | ¢52.5bn |
Latest Stories
-
Recreation Minister Kofi Adams backs ‘Walk With Lexis’ set for December 6
15 minutes -
Milo U13 Championship reaches quarter-final with thrilling match-ups
1 hour -
From glut to growth – John Dumelo says value addition is the way forward
2 hours -
Feed Ghana, feed industry – Deputy Agric Minister Dumelo outlines new direction
3 hours -
Agric glut was political, not strategic – Chamber of Agribusiness Ghana boss warns of lost livelihoods
3 hours -
Food glut situation is no victory – Chamber for Agricbusiness Ghana CEO warns
4 hours -
Was Prince Harry referencing Trump in joke for Late Show sketch?
4 hours -
Arrest over fire petition stirs public debate in Hong Kong
4 hours -
Man who killed ex-Japan PM Shinzo Abe apologises to his family
4 hours -
Police recover $19k Fabergé egg swallowed by NZ man
4 hours -
Ireland among countries boycotting Eurovision after Israel allowed to compete
5 hours -
Grand jury declines to charge Letitia James after first case dismissed
5 hours -
Tanzanian activist blocked from Instagram after mobilising election protests
5 hours -
‘Not becoming of a president’: Somali-Americans respond to Trump’s ‘garbage’ remarks
5 hours -
More than 300 flights cancelled as Indian airline IndiGo faces ‘staff shortage’
5 hours
