Investors Forecasted to Enjoy 45% Price Gain on GSE-Listed Equities This Year
Price gains on Ghana Stock Exchange (GSE) listed equities are expected to be above 45% for investors this year, per predictions by market analysts.
The projected price gain is, however, some 11% lower than what was recorded last year – 2024.
The anticipated price gains for 2025 follow the more than 56% year-to-date return on listed equities recorded for 2024 as measured by the market’s composite index making the country’s local Bourse Africa’s best performer for 2024.
The Composite Index measures the general performance of the stock market.
According to Alex Boahen, Head of Research at Databank, he expects confidence in the economy to improve.
“The worst is behind us, we expect the general confidence to improve in tandem with the improvement in the economy, and we are projecting the GSE-Composite Index to make some gains of 45% by the end of this year (sic),” he remarked in an interview with Bloomberg.
Ghana’s Bourse ended 2024 with a total market capitalisation of GHS 111.3 billion, a 50.7% increase from the previous year.
On the trade activity front of the GSE for the last trading day of the year, the volume of shares traded rose 258.68% to 262,870 from the previous 73,288 shares with the day’s total value traded (GHS1,404,450.14), down 91.19% from GHS15,934,882.44.
Atlantic Lithium Ghana (ALLGH) and NewGold (GLD) were down to close at Gh¢6.12 and Gh¢390.50.
Among the top five traded equities, MTNGH led with the highest volume, trading 136,283 shares valued at GH¢340,707.50.
Other stocks in the top 5 trade activity pile were, CAL, ACCESS, GLD, and GCB in that order, although their trading volumes were significantly lower in comparison.
