Ghana Stock Exchange

The Ghana Stock Exchange (GSE) is showing signs of expansion as its Financial Stocks Index (GSE-FSI) experienced a modest upswing. Buoyed by the encouraging performance of some financial stocks, the GSE-FSI returned about 5 percent for the first quarter of 2024, compared to the 12 percent it lost during the same period last year. Compared to the benchmark market-wide Composite Index (GSE-CI), which achieved 10.41 percent in 2024 compared to 12.3 percent last year at the same time, the GSE-FSI has performed better this year. For the top five companies out of the 13 GSE-listed financial companies involved in the…

The Ghana Stock Exchange (GSE) has shown a remarkable improvement in its performance from the beginning of 2023 to end of August, ranking as the third-best performing stock market on the continent. This achievement places it just behind Nigeria and Egypt, and represents a significant shift from the situation at close of 2022 when the local market was worst-performer in the region. During that time, portfolio reversals – especially from foreign investors, and rapid depreciation of the cedi had a detrimental impact. The Composite Index (GSE-CI) experienced a substantial rally, reaching 3,084.79 points during this period – marking a remarkable…

The Ghana Stock Exchange (GSE) could end the year with as much as an 18 percent return on account of non-financial stocks’ performance, databank has stated in a revision of its market outlook for the year. At beginning of the year, the financial asset manager pegged growth at around 12 percent – a sharp turn from the 13 percent drop recorded at the close of 2022. However, in its latest quarterly outlook note dubbed ‘Beyond the Trough: Stocks Remain in the Spotlight as a Glimpse of Economic Normalcy Emerges’, it noted that the 42023 return will be higher than earlier…

After a turbulent start, the Ghana Stock Exchange (GSE) closed the first half (IH) of the year on a strong note, since its market capitalisation soared to an all-time-high (ATH) of GH¢70.24billion as investors continue to find solace in equities. At the close of the first trading session for second-half of the year – Monday, July 3, 2023 – the metric had risen by 0.14 percent to GH¢70.34billion. This was propelled by the GSE Composite Index (GSE-CI) which achieved its second-highest monthly return to date in June 2023. The index – which tracks the broad market performance – advanced by…

The Ghana Stock Exchange, GSE, says it is committed to upholding the highest of standards to ensure that only the best performing companies stay on the local bourse. This follows the compulsory and in some cases voluntary delisting of about 8 companies from the Ghana Stock Exchange since 2017. While companies like Mechanical Lloyd and PZ Cussons voluntarily delisted from the Ghana Stock Exchange, others like Pioneer Kitchenware, African Champion Industries, Golden Web, Transactions Solutions Ghana and UT Bank underwent compulsory delisting. Commenting on the recent delisting’s in an interview Citi Businesses News, the Deputy Managing Director of the Ghana…