"GSE posts 15% growth in April 2021; market capitalisation grows to Ghs 60 billion"

" \n The Ghana Stock Exchange (GSE) for the first four months of this year, has posted an impressive annual return of 31.9 percent for investors on the stock market. \n \n\n \n The annual return according to the GSE Monthly Summary Report, comes on the back of the recorded month-on-month growth of 15.73 percent in the GSE Composite Index, caused by investors' positive response to the strong financial results posted by listed companies. \n \n\n \n The 31.9 percent return to investors was attained on advances in the share prices of 10 companies - led by MTN Ghana and GCB Bank - which outweighed losses in five companies. \n \n\n \n \u00a0Year-to-date value traded was up by 86 percent to Ghs 184 million during the same period last year. On the Ghana Fixed Income Market, value traded was up by more than 80 percent to Ghs 16.6 billion. \n \n\n \n The government of Ghana securities totaled Ghs 14.36, accounting for 90.31 percent of the market share. \n \n\n \n In an interaction with the media, Managing Director of the GSE, Ekow Afedzie averred the local bourse will maintain its performance going forward. \n \n\n \n \u201cThe exchange is sustaining its impressive performance since the beginning of the year. As we speak, the index has gone up by about 35.73 percent in cedi term. And we encourage the various potential investors and also issuers to take advantage of what is happening on the market now, especially the corporate world to utilize the market to raise long term capital, either by the way of equity or using the bond market to do corporate bonds.\u201d \n \n\n \n \u201cIs important that as a country, we encourage our various companies to raise long term capital for financing projects and expansion, so that they can employ more youth in the country as we grow\u201d, he stated. \n \n\n \n Also, the GSE grew in market value as its market capitalisation from January to April this year increased by some Ghs 5.6 billion ending the month April with a market capitalisation of Ghs 60.8 billion from the Ghs 55.2 billion market capitalisation recorded for same period last year. \n \n\n \n Jan-March 2021 Jan-March 2020 Volume 230.7m 128.8m Value GH\u00a2184.4m GH\u00a299.1m GSE-CI 31.93% -6.93% Market capitalization GH\u00a260.8bn GH\u00a255.2 \n "

"GSE posts 15% growth in April 2021; market capitalisation grows to Ghs 60 billion"

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