The Ghana Inventory Change (GSE) began the yr on positive notice with an improved efficiency available on the market.
Each the GSE composite and monetary inventory indices recorded beneficial returns of 6.97 per cent and three.97 per cent respectively.
The GSE Composite index rose to five, 229.44 in contrast with the three,172.43 in the identical interval final yr, representing a rise of 64.84 per cent.
An announcement on the summary of the January 2025 market actions issued by the GSE in Accra yesterday and copied to the Ghanaian Instances stated, the elevated confidence out there resulted in an increase within the variety of transactions to 7,593, marking a 2, 41.87 per cent enhance in comparison with the identical interval final yr.
“Prime gainers for the month included Ecobank Transnational Inc.(29.03 per cent), Cal Financial institution PLC (17.14 per cent), MTN Ghana (10.00 per cent), Entry Financial institution Ghana PLC (10.00 per cent ) and NEWGOLD (8.06 per cent).On the shedding aspect was Republic Financial institution Ghana PLC (-9.09 per cent),” the assertion revealed.
The GSE additionally said the month ended with a buying and selling quantity of 16.11 million shares, amounting to GH¢108.60 million in worth.
“These figures signify a 48.12 per cent decline in buying and selling volume, coupled with a considerable 210.93 per cent enhance within the worth traded in comparison with the corresponding interval final yr,” the GSE said.
Complete Market capitalisation in January 2025 stood at GH¢117, 170.63, relative to the GH¢74, 416.27, indicting a rise of 57.45 per cent out there capitalisation.
On the Fastened Earnings Market, the assertion disclosed that, the full traded quantity elevated to16.89 billion, marking a sub
stantial 13.74 per cent rise compared to the 14.86 billion traded throughout the corresponding interval final yr.
It stated Treasury Payments accounted for 67.33 per cent of quantity traded, while Authorities Bonds contributed 31.17 per cent with Company Bonds making up the
remaining 1.50 per cent.
Moreover, the GSE famous that quantity traded on the debt marketplace for the month closed at GH¢16.89 billion, representing a 13.74 per cent enhance in comparison with the identical interval final yr, with the worth of commerce estimated at GH¢13.97 billion.
In the identical interval final yr, the amount of commerce fileed have been 14.86 billion valued at GH¢11. 41 billion.
The variety of trades fileed throughout the month stood at 50,058, reflecting a 14.33 per cent development year-on-year,” the GSE said.
BY KINGSLEY ASARE
