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
-
Paris 2024: Opening ceremony showcases grandiose celebration of French culture and diversity
2 hours -
How decline of Indian vultures led to 500,000 human deaths
3 hours -
Paris 2024: Ghana rocks ‘fabulous fugu’ at olympics opening ceremony
4 hours -
Trust Hospital faces financial strain with rising debt levels – Auditor-General’s report
4 hours -
Electrochem lease: Allocate portions of land to Songor people – Resident demand
4 hours -
82 widows receive financial aid from Chayil Foundation
5 hours -
The silent struggles: Female journalists grapple with Ghana’s high cost of living
5 hours -
BoG yet to make any payment to Service Ghana Auto Group
5 hours -
‘Crushed Young’: The Multimedia Group, JL Properties surprise accident victim’s family with fully-furnished apartment
5 hours -
Asante Kotoko needs structure that would outlive any administration – Opoku Nti
6 hours -
JoyNews exposé on Customs officials demanding bribes airs on July 29
6 hours -
JoyNews Impact Maker Awardee ships first consignment of honey from Kwahu Afram Plains
7 hours -
Joint committee under fire over report on salt mining lease granted Electrochem
7 hours -
Life Lounge with Edem Knight-Tay: Don’t be beaten the third time
8 hours -
Pro-NPP group launched to help ‘Break the 8’
8 hours