January 2023 performance reflects investor sentiments – GSE

The Ghana Stock Exchange (GSE) says its January 2023 performance reflected investor sentiments in the general macro-economic environment and the Domestic Debt Exchange Programme.

On the equities market, the GSE Composite and Financial Stock Indices recorded negative returns of 3.68%and 0.81% respectively.

According to its summary of January 2023 Market Activities, the GSE said thin trading resulted in a dip in the number of transactions to 1,249, a decline of 16.12% compared to the same period in 2022.

The top price gainers during the month under review were Benso Oil Palm (15.03%), NewGold ETF (11.66%) and Total Energies (1.50%).

On the fixed income market, the total volume traded was ¢10.09 billion, a decline from the ¢11.40 billion traded in the previous month.

The number of trades during the month was 51, 273 which was 5.05% more than the same period last year.

 JANUARY 2023JANUARY 2022% CHANGE
GSE-CI YTD change-3.68%-0.81% 
Value traded¢6.67bn¢28.28bn-82.58
Market capitalization¢63.70¢64.49%-1.22
    

Source: Joy Business

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