Investor sentiment, debt exchange programme impact stock market
Ghana’s stock market performance in January 2023 reflected investor sentiment and the impact of the Domestic Debt Exchange Programme, according to the Ghana Stock Exchange (GSE).
The GSE Composite and Financial Stock Indices recorded negative returns of 3.68% and 0.81% respectively, due to thin trading and a decrease in the number of transactions by 16.12%.
Despite this, the top price gainers during the month were Benso Oil Palm, NewGold ETF, and Total Energies.
On the fixed income market, the total volume traded declined to ¢10.09 billion from ¢11.40 billion in the previous month, but the number of trades increased by 5.05% compared to the same period in 2022.
| JANUARY 2023 | JANUARY 2022 | % CHANGE | |
| GSE-CI YTD change | -3.68% | -0.81% | |
| Value traded | ¢6.67bn | ¢28.28bn | -82.58 |
| Market capitalization | ¢63.70 | ¢64.49% | -1.22 |
