The Ghana Stock Exchange gained a little above GH¢2.79 billion in the first quarter of this year to increase its market capitalization to GH¢57.16 billion.
This is as a result of the significant performance of some equities on the market which has made the exchange the best performing in Africa this year.
At the end of March 2021, 57.7 million shares, valued at GH¢48.5 million exchanged hands, surpassing that of February.
The volume and value were also larger than the previous month.
MTN Ghana dominated trading activities with 91.8% and 91.3% of volume and value traded respectively. It gained 3.7%.
Other stocks that did well in the first three months of this year were Soceite Generale (2.7%), Total (1.6%) and Enterprise Ghana Limited (1.4%).
For the Ghana Fixed Income market, it recorded an all-time high of GH¢11.53 billion, above the volume traded in the previous month.
Liquidity also remained high with government bonds accounting for 94% of the volume traded.
Jan-March 2021 | Jan-March 2020 | |
Volume | 200.9m | 99.5m |
Value | GH¢153.4m | GH¢76.8m |
GSE-CI | 13.99% | -4.32% |
Market capitalization | GH¢57.1bn | GH¢55.9 |
Latest Stories
-
We’ll embrace cutting-edge technologies to address emerging healthcare needs – Prof. Antwi-Kusi
27 minutes -
Nana Aba Anamoah, Cwesi Oteng to attend Philip Nai and Friends’ charity event
32 minutes -
Environmental protection officers receive training on how to tackle climate change
35 minutes -
CLOGSAG vows to resist partisan appointments in Civil, Local Government Service
2 hours -
Peasant Farmers Association welcomes Mahama’s move to rename Agric Ministry
2 hours -
NDC grateful to chiefs, people of Bono Region -Asiedu Nketia
2 hours -
Ban on smoking in public: FDA engages food service establishments on compliance
2 hours -
Mahama’s administration to consider opening Ghana’s Mission in Budapest
2 hours -
GEPA commits to building robust systems that empower MSMEs
2 hours -
Twifo Atti-Morkwa poultry farmers in distress due to high cost of feed
2 hours -
Central Region PURC assures residents of constant water, power supply during yuletide
2 hours -
Election victory not licence to misbehave – Police to youth
2 hours -
GPL 2024/2025: Nations thrash struggling Legon Cities
2 hours -
Electoral offences have no expiry date, accountability is inevitable – Fifi Kwetey
2 hours -
Ghanaians to enjoy reliable electricity this Christmas – ECG promises
2 hours