- The GSE Composite Index rose by 1.60% in June, closing at 6,248.48 points and bringing its year-to-date gain to 27.82%.
- The GSE Financial Stock Index surged by 4.94%, ending June at 3,376.01 points and recording a strong 41.80% year-to-date growth.
- Top equity gainers for the month included GCB Bank (24.53%), Access Bank (22.19%), and Ecobank Ghana (14.32%), reflecting renewed investor confidence in financial stocks.
- Decliners for June were led by Cal Bank (-5.17%), Ecobank Transnational (-4.49%), and Scancom (-1.68%), indicating varied investor sentiment across sectors.
- Trading activity on the equities market slowed, with June recording 32.18 million shares traded, down 6.82% from May and 19.04% below June 2024.
- Total equity market value dropped to GHS 128.29 million, a 31.27% month-on-month decline and 45.83% fall year-on-year.
- Year-to-date, 150.93 million shares have been traded on the equities market, valued at GHS 932.99 million, representing a 74.18% drop in volume and 5.23% drop in value versus last year.
- The Ghana Fixed Income Market (GFIM) saw a total traded volume of GHS 15.50 billion in June, a decline of 18.71% compared to May, but a 68.82% rise over June 2024.
- Cumulative year-to-date fixed income trades hit GHS 111.94 billion, a significant 56.66% increase over the GHS 71.45 billion recorded in the same period last year.
- Market engagement efforts included visits from the AfDB and Jamaican High Commission, while Unilever Ghana and Letshego participated in the GSE’s “Facts Behind the Figures” series to boost investor transparency.
So What?
Ghana’s markets show mixed signals, stocks are rising but trade volumes are down, while bonds continue to dominate investor interest with strong year-to-date growth.
