There were five top gainers on the Ghana Stock Exchange in the month of November as the equities market continues to perform strongly in 2023.
According to the Summary of Market Activities, the GSE Composite Index (CI) recorded an increase of 44.28 points compared to the previous month, bringing the year-to-date return to 29.71%.
The five gainers were led by Ecobank Ghana with an increase of 18.64% in its share price. Asante Gold (2.58%), MTN Ghana (2.19%), CAL (2.0%) and Fanmilk (0.33%) also recorded marginal growth in their share prices.
Both volume and value traded increased by about 1,009 and 807% respectively compared to the previous month.
The GSE Financial Stock Index (FSI) also gained 17.52 points during the month, reducing the year-to-date loss to 2.71%.
On the debt market, the Ghana Fixed Income Market trading volumes increased in the month of November 2023, reaching 12.78 billion, reflecting a 32.16% increase compared to the volumes of the previous month. Long-term Government securities transactions constituted 50.33% of market activity.
From January to November 2023, the cumulative volume traded amounted to 81.67 billion, marking a 62.69% decrease from the 218.91 billion traded during the same period in the previous year.
| JAN-NOV 2023 | JAN-NOV 2022 | % CHANGE | |
| GSE-CI YTD Change | 29.71% | -11.69% | |
| Volume | 556,206,351 | 1,306,923,214 | -57.44 |
| Value (GH¢) | 752,135,931.25 | 1,495,978,423.86 | -49.72 |
| GSE-CI | 3,169.90 | 2,463.27 | 28.69 |
| Mkt.Cap. (GH¢M) | 74,234.27 | 64,821.04 | 14.52 |
Source:myjoyonline.com
