The Ghana Stock Exchange (GSE) ended the trading day on January 6, 2025, with mixed results, showcasing stability in the equity market while the fixed income market experienced a sharp drop in activity.
In the equity market, the GSE Composite Index remained unchanged at 4,890.27 points, with a slight Year-To-Date (YTD) gain of 0.04%.
The Ghana Stock Exchange Financial Stock Index also stayed steady at 2,383.23 points, reflecting a YTD change of 0.10%. However, trading volumes took a significant hit, dropping by 73.87% from 704,976 shares to 184,194. Despite this, the value of trades soared to GHS 12,054,405.58, a notable increase from GHS 1,714,270.40 on the previous trading day.
Market analysts noted that the sharp rise in trade value despite lower volumes indicates a shift toward high-value transactions in the equity market. This trend suggests that on the Ghana Stock Exchange, investors may be focusing on quality stocks, possibly in anticipation of future market gains.
On the fixed income side, the market saw a steep decline in total trading volumes, which fell by 80.55% from GHS 4.32 billion on January 3 to GHS 840.56 million.
Treasury bills provided a bright spot, with volumes climbing by 164.69% to GHS 745.29 million, reflecting investor interest in short-term securities. In contrast, corporate bonds and repos recorded no trades, dampening overall market activity on the Ghana Stock Exchange.
New Government of Ghana (GOG) Notes and Bonds saw some activity, trading at GHS 95.27 million, up from zero in the previous session. However, Old GOG Notes and Bonds were stagnant, with no trades recorded compared to GHS 3 million previously.
This divergence between Treasury bills and other fixed income instruments reflects shifting investor priorities. Many appear to be moving toward safer, short-term options amidst broader economic uncertainties.
While the equity market showed resilience, the fixed income sector on the Ghana Stock Exchange struggled, leaving traders and market watchers waiting to see if this trend will persist in the coming days.
