Rédaction Africa Links 24 with Ghanaian Times
Published on 2024-02-28 08:07:57
The Ghana Stock Exchange (GSE) has shown improved performance at the start of this year, with favorable returns in both the GSE composite and Financial Stock indices. According to a statement released by the GSE on the January 2024 market activities, this improved performance in January highlights the increasing level of investor confidence in the Ghanaian market. The GSE reported that both the GSE Composite and Financial Stock Index experienced gains of 1.35% and 0.45% respectively.
The statement further highlighted that in the equities market, increased confidence resulted in a 77.82% increase in the number of transactions, reaching 2.22 compared to the same period last year. The month concluded with a trading volume of 31.06 shares, amounting to GH¢34.93 million in value. These figures signify an impressive 1,903.98% surge in trading volume and a substantial 423.61% increase in the value traded compared to the corresponding period last year.
Notable gainers for the month included GGBL with a 30.59% increase in its shares, UNIL with a gain of 9.47%, GLD recording 9.70%, Access with 8.82%, and Total with a 5.56% increase. This positive performance reflects the confidence and interest of investors in the Ghanaian market.
Overall, the market activities of January 2024 have set a promising tone for the year ahead, indicating a positive outlook for the Ghana Stock Exchange and the investment opportunities it offers. As investor confidence continues to grow, the market is likely to see further growth and stability in the coming months.
The MD of the Ghana Stock Exchange, Abena Amoah, has been instrumental in steering the exchange towards this improved performance. Her leadership and strategic vision have contributed to building trust among investors and strengthening the market’s overall position.
As the Ghanaian market continues to attract more investors and show resilience in the face of economic challenges, the future looks bright for the GSE and its stakeholders. With a strong start to the year and a positive trajectory in market performance, the Ghana Stock Exchange is well-positioned for continued growth and success in the months ahead.
In conclusion, the Ghana Stock Exchange’s performance in January 2024 reflects a growing confidence and interest in the market, setting a positive tone for the rest of the year. With increased investor participation and favorable returns in key indices, the GSE is poised for further growth and success under the leadership of MD Abena Amoah.
Read the original article on Ghanaian Times
