Value of traded equity surge to 1,737% as local bourse records all-time high capitalisation of GHS 80.3bn in April
Data contained in the GSE’s Summary of April Market Activities report indicates that the equities market achieved a notable milestone when total market capitalisation reached an all-time high of GHS 80.32bn at the end of April 2024.
This upswing was propelled by notable gains in share prices across various companies reflecting optimistic market sentiments and growing investor confidence.
The trading activity in the market saw significant growth with a volume of 34.9m shares valued at GHS 134.3m representing a 530.69% increase in volume traded and a 1.737% increase in value traded compared to the corresponding period last year.
The year-to-date performance of the equity market maintains its robust momentum, recording a trading volume of 289m shares valued at GHS 500m.
This represents a notable 54.73% increase in volume and an impressive 142.4% increase in value compared to the corresponding period last year.
The GSE Composite Index consequently gained an impressive 6.68% during the month, bringing the year-to-date gains to 17.79%. The Financial Stock Index also gained 2.14% bringing its year-to-date gain to 7.51%.
Top price gainers for the month of April 2024 were GCB (23.03%), MTNGH (10.76%), CMLT (10%), ACCESS (7.87%), GLD (5.72%), SIC (4.17%), UNIL (1.27%), BOPP (0.33%) and TOTAL (0.11%).
