The bond market recorded a decrease of 52.7% year-on-year in volume traded in 2023, the Ghana Stock Exchange Market Summary for 2023 has stated.
According to the report, the volume traded last year was 98.44 billion, as against 230.32 billion in 2022.
The Domestic Debt Exchange Programme continued to impact significantly on the debt market.
According to the report, the total number of trades for 2023 also declined by 24.36%, from 528,188 trades in 2022 to 399,522 trades in 2023.
Long-term government securities accounted for 32.47% of market activity, while short-term government instruments constituted 58.64%, with corporate trades comprising 8.89% within the year.
On the equity market, the year closed with a decrease in volume, value, and number of trades, compared to the figures from the previous year.
The top gainers for the year were Intravenous Infusion Limited (25.00%), Benso Oil Plam Plantation (10.39%), Fanmilk (7.62%) and GOIL (3.45%).
The GSE closed the year with the Composite Index returning 28.08% despite the challenges in the capital market in 2023. However, the Financial Stock Index recorded a year-to-date loss of 7.36%.
| January-December 2023 | January -December 2022 | % Change | |
| GSE CI YTD Change | 28.08% | -12.38% | |
| Volume | 579,675,315 | 1,335,262,647 | -56.59 |
| Value (GH¢) | 818,169,530.95 | 1,639,787,622.32 | -50.11 |
| GSE-CI | 3,130.23 | 2,443.91 | 28.08 |
| Market Capitalization | 73,893.17 | 64,507.32 | 14.55 |
Latest Stories
-
No student has been served unwholesome meals – Nana Boakye
13 mins -
Galamsey has left our river deities powerless – Fetish Priest laments
28 mins -
It was unfair to destroy Leslie’s Fantasy Dome – Okraku-Mantey
32 mins -
Expired rice scandal: We won’t jeopardize people’s health or safety for any reason – FDA
36 mins -
UniMAC to host public forum on democracy and communication
55 mins -
Expired Rice Scandal: Ablakwa slams Lamens Company for “Criminal” acts
1 hour -
Avoid the use of vituperative expressions in your campaigns – NCCE
1 hour -
No petroleum revenue allotment to industrialisation in first half of 2024 – PIAC report
1 hour -
Baba Sadiq motivated me to vie for MP position – Okraku-Mantey
2 hours -
“Black Stars failure to qualify for AFCON 2025 a big blow” – Ibrahim Tanko
2 hours -
NPP’s campaign is going very well – Nana Akomea
2 hours -
Employees must file annual income tax returns – Ghana Revenue Authority
3 hours -
SAB Foundation awards fully funded tertiary scholarships to 11 students
3 hours -
Does the Police law empower police to run a broadcasting service?
3 hours -
GFA dissolves Black Stars Management Committee after AFCON qualification disappointment
3 hours