GSE: Market activities spike with 62.41% increase in transactions in the month of February
In the month of February, the Ghana Stock Exchange (GSE) witnessed a buoyant market sentiment, with the GSE Composite Index maintaining its upward trajectory. The month concluded with both the Composite and Financial Stock indices registering substantial gains, marking an increase of 3.12% and 4.86% respectively.
Market activities surged notably in comparison to the preceding year, demonstrating a remarkable 62.41% uptick in the Number of Transactions. Investors remained engaged as they navigated through the evolving landscape of opportunities and challenges.
Among the notable performers during the month were UNIL, which soared by 20.90%, followed by EGH at 10%, SCB at 9.81%, ACCESS at 9.46%, CAL at 4.17%, GLD at 2.54%, and FML at 1.54%. These impressive gains underscored the dynamism of the market and the diverse range of investment avenues available to stakeholders.
Despite fluctuations in trading volumes and values, February saw a robust performance in terms of activity. Volume traded reached 14,431,560, while the value traded amounted to GHS 17,555,991.71. Notably, trading volume surged by 135.18%, albeit with a 28.07% decline in value compared to the corresponding period last year.
On a year-to-date basis, the market exhibited robust growth, with volume and value reaching 45,486,693 and GHS 52,484,398.80 respectively. These figures represent a remarkable surge of 491.80% and 68.88% compared to the same period last year, reflecting the resilience and momentum of the Ghanaian stock market.
As investors continue to navigate the evolving market landscape, the performance in February underscores the potential for sustained growth and investment opportunities in the Ghanaian equities market.
