GSE recorded GH¢2.79bn return in quarter one

The Ghana Stock Exchange gained a little above GH¢2.79 billion in the first quarter of this year to increase its market capitalization to GH¢57.16 billion.

This is as a result of the significant performance of some equities on the market which has made the exchange the best performing in Africa this year.

At the end of March 2021, 57.7 million shares, valued at GH¢48.5 million exchanged hands, surpassing that of February.

The volume and value were also larger than the previous month.

MTN Ghana dominated trading activities with 91.8% and 91.3% of volume and value traded respectively. It gained 3.7%.

Other stocks that did well in the first three months of this year were Soceite Generale (2.7%), Total (1.6%) and Enterprise Ghana Limited (1.4%).

For the Ghana Fixed Income market, it recorded an all-time high of GH¢11.53 billion, above the volume traded in the previous month.

Liquidity also remained high with government bonds accounting for 94% of the volume traded.