The Ghana Stock Exchange placed 9th in dollar terms among 15 stock markets in Africa ending September 2023.
It recorded 0.22% in the nine months of 2023 for investors.
In cedi terms, the Accra Bourse placed 4th. It recorded a 29.8% return for investors.
This is coming on the back of the International Monetary Fund programme. According to data, the non-banking stocks led the gains in the equity market.
They include BOPP (1.43.53%), TotalEnergies PLC (125%), Unilever (108.76%) and MTN Ghana (64.7%). Their share prices are estimated 18.63, 9.00, 8.10 and 1.45 respectively.
In all, nine stocks recorded gains as compared to eight losers. The biggest losers were Enterprise Ghana (-24.69%), Access Bank Ghana (-22.69%) and SIC Insurance (-22.58%).
The Market Capitalization also shot up to ¢74.89 billion in September 2023 from ¢70.24 billion recorded in June 30, 2023.
The Financial Stock Index, however, lost 7.91% in value in the nine months of 2023.
This was primarily due to the Domestic Debt Exchange Programme which impacted their balance sheets.
Meanwhile, Malawi MASI placed 1st in Africa with a year-to-date of 77.03%.
It was followed by Morocco MASI in 2nd position with an annual return of 10.95% and Egypt EGX 30 in 3rd position with a year-to-date of 10.62%. In 4th and 5th positions are Zambia LUSE (8.75%) and Botswana DSE (5.03%)
Latest Stories
-
Burnley score late to draw with Manchester United at Old Trafford
10 mins -
Bayer Leverkusen extend unbeaten run to 46 games after draw with Stuttgart
14 mins -
Chelsea come from two goals down to draw against Aston Villa
18 mins -
Andre Ayew scores in Le Havre’s 3-3 draw with PSG
28 mins -
GPL 2023/24: Kotoko draw with Medeama; Samartex go 7 points clear of Nations FC
40 mins -
Mahama cuts sod for construction of new multipurpose Jakpa palace in Damongo
1 hour -
NSS management assists Papao fire victims
1 hour -
EXPLAINER: Will dumsor end soon?
2 hours -
IMANI Africa takes on EC, accuses it of lying and publishing half truths
3 hours -
Manasseh Azure calls for investigation and prosecution of those responsible for GRA/SML contract
3 hours -
Kwesi Atuahene: Ghana’s health capital depends on HealthTech – Africa Center for Digital Transformation
3 hours -
13 signs your wife is planning on leaving you and you have no idea
4 hours -
IMANI Africa: Ghana’s EC’s dangerous and pathological conduct
4 hours -
If I speak there will be fire – Salah on Klopp row
5 hours -
Grieving after divorce is normal, but this particular kind of grief isn’t
5 hours