The Ghana Stock Exchange (GSE) has emerged the best performing stock exchange on the continent in the first two months of this year.
This is due to the fact that, the GSE recorded a 14.41 percentage points return gains in dollar-term at the end of February.
In cedi terms, the stock market recorded a 13.96 percentage points gain.
Nine (9) companies on the local bourse have appreciated in value as compared to three losers. MTN Ghana is the biggest gainer with 29 per cent appreciation in stock value.
It is followed closely by Cal Bank (15.94 per cent), Soceite Generale (14.06 per cent) and Standard Chartered Bank (11.28 per cent).
Again, MTN Ghana is the most active trading stock on the GSE with several millions of shares exchanging hands since the beginning of the year.
It is the hope that the market will continue its bullish run till the end of the year.
On the continent, the Johannesburg Stock Exchange (JSE) is the 2nd best performing stock market with a year-to-date return of 10.66 per cent in dollar terms.
It is followed by the Nairobi Stock Exchange (NSE) and the Egyptian Case with annual returns of 8.11 per cent and 6.50 per cent respectively.
The worst performing market is however the Ivorian BVRM with a return of -5.17 per cent.
