Investor sentiment on GSE remains high, 5 firms record impressive gains in October 2021

Investor sentiment on the Ghana Stock Exchange (GSE) remained high as five listed firms recorded impressive gains in the month of October, data from the GSE indicates.

The top firms that made significant gains were Benso Oil Palm Plantation (74.83%), Fanmilk (39.75%), Republic Bank (39.53%), Enterprise Ghana (9.13%) and Total (7.96%).

Importantly, the GSE close the month of October with a Year-to-Date gain of 47.52%.

However, the month closed with 23 million shares traded value at ¢34.2 million which represents a decrease of 23.4% and 19.4% respectively, compared to that of September 2021.

Cumulative value of ¢445.26 million and a volume of 423.91 million traded for the year represents a gain of 30.30% and a marginal dip of 3.53% respectively when compared to the previous year.

Ghana Fixed Income Market traded 17.56bn volume

The Ghana Fixed Income Market continued to record gains in performance, closing the month with a volume traded of 17.56 billion, a 71.04% increase over the previous month and same period last year.

The cumulative volume traded from January to October 2021 of 172.61 billion was 103.06%, more than 85.0 billion traded in the same period last year.

 Jan-October 2021Jan-October 2020
Volume423.9 million439.39 million
Value¢445.29 million¢341.70m
GSE Composite Index YTD47.52%-18.60%
Market Capitalization¢64.27 billion¢53.11 billion

Source: Joy Business

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