The Ghana Stock Exchange Composite Index (GSE-CI) grew by14.01% in March 2023 compared to last month, bringing the year-to-date gain to 12.33%.

According to the March 2023 Market Report, the continued rally of the GSE-CI was underpinned by dividend announcements from some listed companies and investors seeking to diversify their holdings.

Volumes and values traded were up significantly by 2,730% and 588% respectively, over the previous month mostly due to block trades in MTN Ghana shares.

Total Energies (39.82%), MTN Ghana (35.87%), Unilever (33.78%), BOPP (20.93%), and Guinness Ghana Breweries Limited (9.49%) were the top five price gainers of the month.

GSE fixed income market dips

On the other hand, the GSE’s Ghana Fixed Income Market closed March 2023 with a volume traded of 5.57 billion, a decline of 39.26% and 80.18% respectively over the previous month’s and same period in 2022 numbers.

Yields on short-term government securities came down significantly during the month.

The 91-day Treasury bill ended the month at 19.39% from 35.55% at the beginning of March 2023.

The new Government of Ghana bonds witnessed thin trading during its first full month on trading, post Domestic Debt Exchange Programme.