The Ghana Stock Exchange (GSE) started the year on a positive note with strong gains on the equities market.
The GSE Composite Index returned 6.97% for investors in January 2025.
Similarly, the GSE Financial Stock Index also recorded 3.97%.
Increased confidence in the market resulted in a rise in the number of transactions to 7,593, marking a 241.87% increase compared to the same period last year.
The top gainers for the month included Ecobank Transnational Inc. (29.03%), CalBank PLC (17.14%), MTN Ghana (10.00%), Access Bank Ghana PLC (10.00%)and NEWGOLD (8.06%).
On the losing side was Republic Bank Ghana PLC (-9.09%).
GSE Fixed Income Market
On the Fixed Income Market, the total traded volume increased to 16.89 billion, marking a substantial l13.74% rise compared to the 14.86 billion traded during the corresponding period last year.
Treasury Bills accounted for 67.33% of the volume traded, whilst Government Bonds contributed 31.17%, with Corporate Bonds making up the remaining 1.50%.
The month ended with a trading volume of 16.11 million shares, amounting to GHS 108.60 million in value.
These figures, according to the GSE, signify a 48.12% decline in trading volume, coupled with a substantial 210.93% increase in the value traded compared to the corresponding period last year.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
