https://www.myjoyonline.com/gse-monthly-summary-report-9-stocks-record-gains-gse-composite-index-reaches-39-59-y-t-d/-------https://www.myjoyonline.com/gse-monthly-summary-report-9-stocks-record-gains-gse-composite-index-reaches-39-59-y-t-d/

Nine stocks increased in value on the Ghana Stock Exchange (GSE) in September 2024 compared to five losers, the GSE Summary of September Market Activities has revealed.

According to the report, the market witnessed immense trading activities during the month under review.

The stocks that led the gainers were Enterprise Ghana (20.1%), ETI (13.33%), Standard Chartered Bank (9.95%), Republic Bank Ghana (9.09%) and New Gold (6.09%). The rest are Unilever (3.13%), Total Ghana (1.69%), GCB (1.52%) and BOPP (0.84%).

On the losing side were MTN Ghana (-0.91%), Societe Generale (-3.23%), Guinness Ghana Breweries LImited (-8.91%), CalBank (-9.68%), and Access Bank (-10.00%).

The GSE Composite Index saw a marginal increase of 0.22% which raised the year-to-date gain to 39.59%. At the same time, the GSE Financial Stock Index went up by 3.41%, increasing its year-to-date gain to 15.19%. 

The market traded 280,421,621 shares valued at GH¢ 566.978 million during the month. This represents 386.31% and 557.51% increase in volume and value respectively over the same period last year.

MTN continued to dominate trades, accounting for 98.98% of value traded in September. A total volume of 933,220,246 shares valued at GHS1,852,681,576.25 has traded so far this year, marking an 126.17% increase in volume and a 230.38% rise in value compared to the corresponding period last year

GSE Fixed Income Market

Meanwhile, the GSE’s Fixed Income Market closed September with a traded volume of 15.52 billion, representing an impressive 108.01% increase compared to the same period in 2023.

Treasury Bills dominated the market, accounting for 76.30% of the total volume traded, followed by Government Bonds at 22.62%. Corporate Bonds contributed the remaining 1.08%.

The month concluded with a total traded volume of 15.52 billion, reflecting a 13.39% decrease compared to the preceding month.

However, this volume represents a significant 108.01% increase compared to the same period last year.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.