Audio By Carbonatix
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%)
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