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
-
IMF says BoG’s multi-billion cedi losses were part of economic recovery
37 minutes -
The losses were necessary – IMF backs BoG’s costly economic rescue
1 hour -
People on the ground recognise the gains – IMF backs BoG strategy
1 hour -
Oil prices slide on hopes of US-Iran peace deal
2 hours -
Italy busts €300 million streaming piracy ring
2 hours -
Texas sues Meta, WhatsApp over encryption privacy claims
2 hours -
US appeals court revives $82 million of verdict against Ford in trade secrets case
2 hours -
Activision shareholders reach $250m settlement over Microsoft buyout
2 hours -
Google appeals US court ruling on search monopoly
2 hours -
QNET, Manchester City Host Grassroots Football Clinic in Ghana
3 hours -
StanChart CEO Bill Winters apologises for ‘upset caused’ by AI comments
3 hours -
Grok falls flat in Washington, undercutting SpaceX’s AI growth story
3 hours -
Bank of Ghana was not too aggressive – IMF defends tight policy measures
3 hours -
Stakeholders demand urgent intervention in Ghana Swimming Association crisisÂ
5 hours -
Labourer remanded for allegedly robbing financial consultant
5 hours