The Ghana Stock Exchange recorded its highest monthly trading value so far this year, as value of shares traded hit GH¢72 million cedis in May 2021.
This represented a month-on-month increase of 134%.
The month of May 2021 also recorded its second highest monthly volume of trading of 58.9 million shares changing hands.
The volume and value traded represented an increase of 98% and 134% increase respectively over the previous month.
MTN Ghana’s share was the most active stock on the GSE.
The managers of the exchange described investor confidence as soaring.
This is due to the performance of companies such as GOIL, GCB Bank, Societe Generale, Enterprise Group and Standard Chartered Bank.
Also, the market for fixed income securities such as bonds and bills continued to increase as volumes traded for the year so far reached a little above GH¢92 billion cedis.
This is an increase of 128% during the same period last year.
| Jan-May 2021 Jan-May 2020 | ||
| Volume | 289.63m 201.5m | |
| Value | GH¢257.22m GH¢147.02m | |
| GSE-CI YTD | 24.70% -14.01% | |
| Market capitalization | GH¢59.33bn GH¢53.54 |
Latest Stories
-
Providing quality seeds to farmers is first step towards achieving food security in Ghana
4 mins -
Give direct access to Global Health Fund – Civil Society calls allocations
3 hours -
Prince Harry jokes in tattoo sketch for Invictus
4 hours -
Akufo-Addo commissions 200MW plant to boost economic growth
4 hours -
Smallholder farmers to make use of Ghana Commodity Exchange
4 hours -
I want to focus more on my education – Chidimma Adetshina quits pageantry
4 hours -
Priest replaced after Sabrina Carpenter shoots music video in his church
4 hours -
Duct-taped banana artwork sells for $6.2m in NYC
5 hours -
Arrest warrants issued for Netanyahu, Gallant and Hamas commander over alleged war crimes
5 hours -
Actors Jonathan Majors and Meagan Good are engaged
5 hours -
Expired rice saga: A ‘best before date’ can be extended – Food and Agriculture Engineer
5 hours -
Why I rejected Range Rover gift from a man – Tiwa Savage
5 hours -
KNUST Engineering College honours Telecel Ghana CEO at Alumni Excellence Awards
5 hours -
Postecoglou backs Bentancur appeal after ‘mistake’
6 hours -
#Manifesto debate: NDC to enact and pass National Climate Law – Prof Klutse
6 hours