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Ghana Stock Exchange now valued at Ghs 60.8 billion

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Market capitalisation of the Ghana Stock Exchange (GSE) at end-May 2021, amounted to Ghs 60.8 billion.

Between May 2020 and May 2021, the market value of the GSE increased by Ghs 5.6 billion.

The recorded increment in the local bourse’s market value according to Bank of Ghana’s (BoG) May 2021 Summary of Economic and Financial Data, represents a year-on-year (YoY) increment of 11.8 percentage points from a negative growth of 2.8 percent in May 2020.

Market capitalisation of the GSE in May 2020 stood at Ghs 55.2 billion and at the end of May 2021 had grown to Ghs 60.8 billion.

The GSE Composite Index (GSE-CI) which measures the performance of stock prices on the local bourse also recorded a year-to-date growth of 24.7 percent at end-May 2021.

Also, the GSE Financial Index (GSE-FI) which measures the change in stock prices of listed financial firms on the bourse recorded a year-to-date growth of 6.74 percent at end-May 2021.

The surge in the market capitalisaion of the GSE can be attributed to increase in the value of traded equities on the stock market for the period under review, as the market capitalisation of a stock market is calculated as the sum of listed shares multiplied by their respective prices.

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Value of equities traded on the GSE according to its May 2021 monthly report increased from Ghs 42.8 million in May 2020 to Ghs 72.7 million in May 2021, representing a 52.07 percent year-on-year increase.

Volume of traded equities for the period under review however, declined from Ghs 72.6 million to Ghs 58.9 million.

Leading the remaining equities on the bourse both in volume and value traded was MTN Ghana with 40.4 million and Ghs 45.1 million respectively.

Behind MTN Ghana in terms of traded volume was CAL Bank with 10.3 million traded volume, and GCB Bank in terms of value traded with Ghs 8.3 million.

Source: norvanreports
Tags: Bank of Ghana's (BoG) May 2021 Summary of Economic and Financial DataGhana Stock Exchange (GSE)GSE Composite Index (GSE-CI)GSE Financial Index (GSE-FI)market capitalisation
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