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
-
Mahama urges banks to offer long-term financing for locally assembled cars
2 minutes -
Accra set to go ‘All Out’ as Guinness Ghana DJ Awards 2026 Pub Fest comes off on September 25
2 minutes -
Vehicle assemblers must meet local content threshold to enjoy VAT exemption – Mahama
7 minutes -
Health Ministry secures new US employment pathway for qualified Ghanaian nurses
12 minutes -
GRIDCo completes 4km, 161kV transmission line linking Yendi Solar to Tamale-Yendi network
13 minutes -
Government to regulate EV charging stations to protect power stability – Mahama
16 minutes -
Withheld information, poor audit could account for GH¢624m fumigation gap – Domelovo
20 minutes -
GFA to launch 2026/27 Colts Football Season
21 minutes -
Fidelity Bank donates GH¢200,000 to Ghana Medical Trust Fund for vulnerable patients
31 minutes -
Jimmy Aglah: When Hollywood ended at Kwashieman…
31 minutes -
GoldBod, EOCO team up to track illicit financial flows in gold trade
33 minutes -
Climate x Culture Summit to spotlight role of creativity in Africa’s climate action on October 22 in Accra
34 minutes -
Ghana, City of Columbus sign MoU to establish nursing partnership programme
41 minutes -
AI regulation faces political deadlock as calls grow for Congress to act
47 minutes -
Former Auditor-General must explain GH¢624m fumigation expenditure gap – Domelovo
48 minutes