GSE sets record in equity & bond market

The Ghana Stock Exchange set a record in the bond and equity markets in terms of volume traded last year.

According to the Accra Bourse, the Ghana Fixed Income market smashed the GH¢100 billion ceiling for traded volumes to end the year at GH¢108.45 billion.

This comes despite the equity market returning about -13.9% in cedi term to investor. Indeed, it clawed back some of its losses during the year to end the year 2020 better.

According to the exchange, the equity market recorded its second highest annual volume traded in its 30-year history, despite a challenging year.

A record of a little of more than 695 million shares changed hands, spurred by investors’ appetite on the back of low price-to-earnings ratio.

The highest monthly trade figures was achieved in December 2020 with over 140 million shares valued at GH¢132 million changing hands.

This represented an increase of 21% in volume and 30% in value over the previous month’s figures.

MTN Ghana dominated trading activities, accounting for 78% of volume traded.

On the bond market, the Ghana Stock Exchange recorded an all-time highest monthly volume traded of GH¢13.34 billion in December 2020.

It was GHc3.08 billion more than the previous record set in October.

Meanwhile, the GSE has recorded 0.13% return for investors since the beginning of the year.

So far, Standard Chartered Bank is the only stock that has recorded 1.16% increase in share value.

Source: myjoyonline

Leave a Reply

Your email address will not be published. Required fields are marked *