"GSE Records 71.29% Surge in Trading Volume; 165.44% Rise in Value on Year-To-Date Basis"

" GSE Records 71.29% Surge in Trading Volume; 165.44% Rise in Value on Year-To-Date Basis \r\n\r\nThe Ghana Stock Exchange (GSE) has reported a substantial increase in year-to-date trading activity for 2024, according to its November Summary of Market Activities report.\r\n\r\nA total of 952,722,148 shares valued at GHS 1,996,433,915.76 have been traded so far this year, representing a 71.29% rise in volume and a 165.44% increase in value compared to the same period in 2023.\r\n\r\n November Performance \r\n\r\nIn contrast, trading activity during November saw a sharp decline.\r\n\r\nA total of 9,354,604 shares valued at GHS 27,841,788.33 were traded, reflecting a 92.90% drop in volume and an 83.85% decline in value compared to November last year.\r\n\r\n Market Indices \r\n\r\nThe GSE Composite Index (GSE-CI) at end-November closed at 4,694.37 points, achieving a year-to-date (YTD) gain of 49.97%.\r\n\r\nThe GSE Financial Stock Index (GSE-FSI) also improved, adding 113.71 points to record a YTD gain of 23.64%.\r\n\r\n Top Performers and Decliners in November \r\n\r\n Gainers: \r\n \r\n \t Ecobank Transnational Incorporated Plc : +45% \r\n \t Cal Bank Plc : +31% \r\n \t Camelot Ghana Plc : +17% \r\n \t Access Bank Ghana Plc : +10% \r\n \t MTN Ghana : +10% \r\n \t Ecobank Ghana Plc : +7% \r\n \t Unilever Ghana Plc : +3% \r\n \t GCB Bank Plc : +2% \r\n \t Ghana Oil Company Plc : +1% \r\n \t TotalEnergies Marketing Ghana Plc : +1% \r\n \r\n Losers: \r\n \r\n \t Enterprise Group Plc : -1% \r\n \t NewGold : -12% \r\n \r\n Outlook \r\n\r\nWhile the equities market has delivered impressive growth for the year, the marked reduction in November's trade activity indicates potential caution among investors as the year-end approaches.\r\n\r\nMarket observers will be monitoring December's performance closely to assess whether the year closes on a high note or not."

"GSE Records 71.29% Surge in Trading Volume; 165.44% Rise in Value on Year-To-Date Basis"

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