Favorable investor sentiment across all sectors drove the performance of the Ghana Stock Exchange (GSE) in August 2023.

According to the summary of market activities, the GSE Composite Index surged significantly, surpassing the 3000-point milestone for the first time this year.

This resulted in an impressive year-to-date return of 26.22% for investors.

The GSE Financial Stock Index also experienced an uptick in the past month, reducing its year-to-date losses to 14.44%.

The volume and value traded increased substantially on the equities market by 163.34% and 581.62% respectively compared to the previous month.

The top five price gainers for the month were Societe Generale (64.38%), TotalEnergies (32.35%), Standard Chartered Bank (23.33%), BOPP (21.00%) and SIC Insurance (20.00%).

Meanwhile, the Ghana Fixed Income Market (GFIM) also ended the month with 5.33 billion in volume traded, a marginal decrease of 3.68% compared to the previous month and a 66.04% decrease from the same time in 2022.

91.76% of activity on the market was made up of trades in short-term government securities.