Economy

Ghana Stock Exchange reaches record GH¢80bn market capitalisation

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In April 2024, the market capitalisation of the Ghana Stock Exchange (GSE) surged to an unprecedented GH¢80.20 billion, marking a significant milestone.

This remarkable increase was driven by substantial gains in the share prices of various companies, underscoring the positive market sentiment and bolstering investor confidence.

As outlined in the GSE’s April 2024 Summary of Market Activities, the GSE Composite Index experienced a notable surge of 6.68 per cent during the month, contributing to a year-to-date gain of 17.7 per cent. Additionally, the Financial Stock Index saw a gain of 2.14 per cent.

Among the standout performers in April 2024 were GCB with a 23.03% increase, MTN Ghana with 10.76 per cent, Camelot with 10 per cent, Access Bank with 7.87 per cent, New Gold with 5.72 per cent, SIC with 4.17 per cent, Unilever with 1.27 per cent, BOPP with 0.33 per cent, and TotalEnergies with 0.11 per cent growth.

Simultaneously, the Ghana Fixed Income Market experienced a surge in trade volumes, reaching 11.34 billion, a substantial 98.47 per cent rise compared to the previous year’s 5.71 billion.

Notably, long-term government securities contributed 30.10 per cent to the overall market activity, while short-term government instruments made up 69.51 per cent of the market’s activity during the period under review.

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