Audio By Carbonatix
Favorable investor sentiment across all sectors drove the performance of the Ghana Stock Exchange (GSE) in August 2023.
According to the summary of market activities, the GSE Composite Index surged significantly, surpassing the 3000-point milestone for the first time this year.
This resulted in an impressive year-to-date return of 26.22% for investors.
The GSE Financial Stock Index also experienced an uptick in the past month, reducing its year-to-date losses to 14.44%.
The volume and value traded increased substantially on the equities market by 163.34% and 581.62% respectively compared to the previous month.
The top five price gainers for the month were Societe Generale (64.38%), TotalEnergies (32.35%), Standard Chartered Bank (23.33%), BOPP (21.00%) and SIC Insurance (20.00%).
Meanwhile, the Ghana Fixed Income Market (GFIM) also ended the month with 5.33 billion in volume traded, a marginal decrease of 3.68% compared to the previous month and a 66.04% decrease from the same time in 2022.
91.76% of activity on the market was made up of trades in short-term government securities.
| JANUARY-AUGUST 2023 | JANUARY-AUGUST 2022 | |
| GSE-CI YTD Change | 26.22% | -10.05% |
| Value (GH¢) | 474.54m | 1.23bn |
| GSE-CI | 3,084.79 | 2,508.99 |
| Market Capitalization (GH¢) | 73.25bn | 64.44bn |
Latest Stories
-
AMA presents 997 school desks to improve teaching and learning in public schools
19 minutes -
Beyond drains: Susan Adu-Amankwah prescribes lasting solution to Accra floods
24 minutes -
GES, UMA-Subika hold reading competitions to boost literacy in Asutifi North
50 minutes -
Ashanti Regional Minister, Zoomlion launch sustained sanitation campaign in Ashanti
3 hours -
Muzic Mensah earns four nominations at 2026 Ghana Music Awards USA
4 hours -
2026 U17 WWCQ: Black Maidens snatch late draw in first leg against Senegal
4 hours -
Flood mitigation should be continuous, not a one-off effort – Expert warns
5 hours -
From Tragedy to Triumph: Ghana’s path to flood resilience (A Story of Lessons Learned, Global Inspiration, and a Collective Commitment to a Better Future)
5 hours -
Kristo Asafo dispute centres on my father’s final directives, not inheritance — Adwoa Safo
5 hours -
Kristo Asafo saga: ‘My dad didn’t die intestate; he left a valid will’ – Adwoa Safo
5 hours -
New Eastern Regional Fire Commander tours stations, identifies key operational challenges
5 hours -
Government fully responsible for Accra flooding crisis – Miracles Aboagye
6 hours -
Successive governments have failed to address flooding crisis – Susan Adu-Amankwah
6 hours -
No one can hold title on Ramsar sites – Inusah Fuseini warns against encroachment
6 hours -
We don’t need prayers or relief items; enforce the law – Samson Lardy Anyenini on recurring floods
6 hours