Ghana Stock Exchange achieves ¢90bn market value

The market value of Ghana Stock Exchange (GSE) has reached ¢90 billion for the first time since its inception.

The ¢90 figure represents the total value of all shares and equities on the market.

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According to managers of the bourse, this milestone highlights the expanded opportunities available for investors and underscores the importance for more Small and Medium Enterprises to consider when making investment decisions.

The Composite Index provided investors with a 34 percent growth as of the end of Thursday, July 18.

The GSE Composite Index gained 109.96 points, closing at 4,195.72 points, and reflecting a year-to-date (YTD) return of 34.04%.

The GSE Financial Stocks Index also saw an increase, rising to 2,083.94 points with a YTD gain of 9.59%.

MTN Ghana (MTNGH) saw a rise of ¢0.09, ending the session at ¢2.10.

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Enterprise Group Limited (EGL) recovered from a previous ¢0.05 loss, closing higher at ¢1.37.

The increase in equity prices pushed the market capitalization up by GH¢1.20 billion to ¢90.09 billion, marking the first time the bourse has achieved this level.

From a market capitalization of ¢6.4 million in 1990, the GSE has seen a significant increase over the years to reach its current value.

Trade activity on the exchange was robust, with total turnover soaring to ¢7,277,762.40, an increase of 6875.84% over the previous day.

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Trading volume surged to 5,518,463 shares across twelve counters by the end of Thursday.

Notable offers included Société Générale Ghana (SOGEGH) at GH¢1.55, Guinness Ghana Breweries (GGBL) at GH¢5.17, and Fan Milk Limited (FML) at GH¢3.70.

EGL led the volume chart, with 4,744,779 shares traded.

Source: Tigpost.co

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