• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home highlights

Trading activity on Ghana Stock Exchange sees marginal slump in April 2021

4 years ago
in highlights, Home, home-news, latest News, Markets
2 min read
0 0
0
51
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Following a flurry of trading activities which characterised the Ghana Stock Exchange (GSE) over the past half-year, including a number of all-time high (ATH) gains, a dip in April has seen trading on the market fall month-on-month – as volumes traded dropped by 48.40% from 57.69 million in March to 29.77 million in April.

Consequently, value of trade for the period also dipped by 36% to GH¢31.09million for the month under consideration. These figures were contained in the bourse’s Summary of Monthly Activities for April.

Reacting to this development, Head of Research at Databank, Alex Boahen, stated that offers on the market are beginning to decline as an increasing number of retail investors appear to be holding onto their stocks; hence the slowdown in market activity.

“Some of the offers are actually drying up from the market. Last year, there was an excessive selling pressure, largely as a result of the pandemic. However, this year the market began on a strong footing and some of the stocks were doing well, as we can see from the release of their first quarter financial statements.

“A lot of retail investors appear reluctant to sell their stocks, especially the very attractive ones; and those who are offering them are doing so at significant premiums,” he explained in an interview.

Mr. Boahen added that an unintended consequence of the phenomenon is that fund managers are unable to purchase shares in the volumes required, leading to liquidity drought – explaining that this could be a barrier to accurate price-discovery.

While commending the GSE for its efforts in promoting information sharing – which he described as the most important factor in driving market activity – he argued that there is more to be done, especially by analysts who serve as intermediaries between the Exchange and the investing public. He added that companies must go over and beyond their continuing listing requirements, by providing more insight into the performances.

RelatedPosts

MTN Nigeria Now the Most Capitalized Stock in Nigeria

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

“The market is still somewhat information-deficient; from companies to the public, and also from analysts to investors. We need more analysts covering the market to create more awareness among the investor community, thus unearthing potential investment opportunities. Companies must also go beyond publishing their results and the occasional appearance at ‘Facts Behind the Figures’, and provide solid guidance to investors.”

Overall Performance

The Databank Head of Research was however quick to add that the market’s performance in April must be taken against the backdrop of the market’s entire performance.

For context, the month-on-month value of market capitalisation was up 6.3%, while the GSE Composite Index (GSE-CI) was up 15.73%.

Year-on-year, the cumulative year-to-date volume and value of the market was up 78.99% and 85.98% respectively, while the GSE-CI recorded its highest gain at this time of the year since 2018 at 31.93% – up from -6.93 for the comparable period last year. Furthermore, the GSE-CI saw its highest ever daily gain of 123.77 in the month, to close at 2,561.45 points.

On the debt side of things, the Ghana Fixed Income Market (GFIM) saw “relatively muted volumes traded of 15.9 billion during April, down 40% from the all-time monthly high of 26.7 billion attained in March 2021 – but still an impressive 73% higher than the volume traded during the same period last year”

Tags: Ghana Fixed Income Market (GFIM)Ghana Stock Exchange (GSE)GSE Composite Index (GSE-CI)investing public
No Result
View All Result

Highlights

Europe’s Energy Future Hinges on Global Powers

US Companies Cut Investments in China to Record Lows, Here’s Why

How AI is Rewriting and Enhancing Water Risk Management

SheFarms Broiler Edition Kicks Off in Greater Accra

PharmAccess Ghana, Healthcare Federation of Ghana sign SafeCare License Agreement; to use Newest ISQua-Certified Version 5

Tanzania Sink Burkina Faso to Delight Home Crowd In TotalEnergies CHAN 2024 Opener

Trending

Features

MTN Nigeria Now the Most Capitalized Stock in Nigeria

August 3, 2025

MTN Nigeria Now the Most Capitalized Stock in Nigeria MTN Nigeria has surged to become the most...

Nigerian Stock Market Creates Largest Pool of Billion-Dollar Stocks in 2025

August 3, 2025

OPEC+ Nears Decision Point on Next Oil Output Hike

August 3, 2025

Europe’s Energy Future Hinges on Global Powers

August 3, 2025

US Companies Cut Investments in China to Record Lows, Here’s Why

August 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.