Ghana Stock Exchange hits record $5.7bn market cap in April surge

Ghana stock exchange
Ghana stock exchange

The Ghana Stock Exchange (GSE) market capitalisation reached a record high of $5.7bn (GHS80.20bn) in April.

“This remarkable increase is a testament to the positive market sentiment and growing investor confidence,” a GSE spokesperson said.

According to the GSE’s April 2024 Summary of Market Activities, the GSE Composite Index rose by 6.68% during the month, contributing to a year-to-date gain of 17.7%. The Financial Stock Index rose 2.14%.

Standout performers for the month included GCB (23.03%), MTN Ghana (10.76%), Camelot (10%), Access Bank (7.87%), New Gold (5.72%) and SIC (4.17%). Also gaining were Unilever (1.27%), BOPP (0.33%) and TotalEnergies (0.11%).

Meanwhile, the Ghana Fixed Income Market saw trade volumes surge to GHS11.34bn, a 98.47% y/y rise. Long-term government securities accounted for 30.10% of the market activity, with short-term government instruments making up 69.51%, highlighting a diverse investment landscape, writes Joy News.


Source: Daily Mail GH

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