GSE adjudged 6th best performing stock market in Africa
With a year-to-date volume traded surpassing previous records by 46.36%, the financial markets stand as a beacon of stability and opportunity in the region, enticing both domestic and international investors alike.
The Ghana Stock Exchange (GSE) has emerged as a standout performer in Africa’s financial landscape, securing its position as the 6th best-performing stock market on the continent in 2024.
Bolstered by a robust economic recovery, supported notably by an International Monetary Fund (IMF) program, the GSE Composite Index continued its upward trajectory through February, boasting impressive returns of 3.12% and 4.86% for the Composite and Financial Stock indices, respectively.
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The market’s resilience is underscored by a notable surge in activity, with transactions witnessing a remarkable 62.41% uptick compared to the previous year.
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Top equity performers on the local bourse for February 2024 include Unilever, Enterprise Ghana, and SCB, each securing substantial price gains.
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Moreover, the Ghana Fixed Income Market exhibited robust growth, culminating in a 44.24% surge in volume traded compared to the same period in 2023.
Notably, long-term government securities, short-term government instruments, and corporate securities each played pivotal roles in shaping market dynamics, reflecting a diverse investment landscape.
With a year-to-date volume traded surpassing previous records by 46.36%, the financial markets stand as a beacon of stability and opportunity in the region, enticing both domestic and international investors alike.
Source:norvanreports
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