Audio By Carbonatix
The Ghana Stock Exchange could not sustain its performance in the month of July 2021 in respect of total value and volume traded.
But the stock market returned about 39% in dollar term, sustaining its position as the best performing stock market in Africa so far this year.
The stock exchange outwitted most analysts’ projection for this year, with impressive gain for investors despite its dip in the month of July 2021.
It recorded a 40.15% and 33.11% fall respectively in volume and value traded, when compared to the same period last year.
However, the market gained an extra 2.79% return in July 2021 to increase its year-to-date return to about 39%.
The top 5 most traded stocks during the month under review were MTN Ghana (81.24%), CAL Bank (9.23%) Guinness Ghana Breweries (1.83%), GCB Bank (1.75%) and Ecobank Transnational Incorporated (1.36%).
Importantly, MTN Ghana is the best performing stock on the market so far this year.
Also, the Ghana Fixed Income Market or the Bond Market closed the month of July 2021 with an impressive 19.46 billion volume trading, a 7.15% increase over the month of June.
This exceptional performance by the Fixed Income Market, brings the first seven months cumulative volume traded to 127 billion, a 113.4% increase over the same period last year.
| July 2021 June 2020 | ||
| Volume | 22.4m 37.4m | |
| Value | ¢33.6m ¢50.3m | |
| GSE CI YTD | 2.79% | |
| Market Capitalization | ¢62.24bn ¢61.3bn | |
Latest Stories
-
FTBLRLIFE targets Ghana in expansion of global grassroots football network
22 minutes -
Former ‘American Idol’ contestant sentenced to life without parole for wife’s murder
2 hours -
Education Ministry commends Ghanaian teachers on World Teachers’ Day 2026
2 hours -
NPP can reconcile with aggrieved members who want to return – Nana Akomea
2 hours -
Tamale Child Deaths: Vehicle owner arrested as IGP deploys homicide team
3 hours -
From ShattaFest to MoMo Fest: Entertainment takes centre stage in youth engagement
3 hours -
Nigerian military aircraft crashes, killing 32
3 hours -
MTN encourages Ghanaians to use MoMo for saving, investing and financial planning
3 hours -
Absa Bank Ghana names Stephen Ato Frimpong as Board Chair
3 hours -
Pickford ‘almost caused crash’ with careless driving
3 hours -
Author and former politician Jeffrey Archer dies aged 86
3 hours -
No education reform can succeed without teachers – Education Ministry
3 hours -
Gauff condemns racist abuse after China Open win
3 hours -
Medvedev disqualified for hitting spectator with ball
4 hours -
Oliseh scores twice in late comeback win for France
4 hours