GSE Archives - Wontumi Online

08 May

Ghana Stock Exchange Reaches Record GH¢80Billion Market Capitalization

Wontumi1BusinessGSE

In April 2024, the market capitalization of the Ghana Stock Exchange (GSE) surged to an unprecedented GH¢80.20 billion, marking a significant milestone. This remarkable increase was driven by substantial gains in the share prices of various companies, underscoring the positive market sentiment and bolstered investor confidence. As outlined in the GSE’s April 2024 Summary of Market Activities, the GSE Composite Index experienced a notable surge of 6.68 percent during the month, contributing to a year-to-date gain of 17.7 percent. Additionally, the Financial Stock Index saw a gain of 2.14 percent. Among the standout performers in April 2024 were GCB with…

We Are Reducing Concentration Risk; Commercial Paper Market To Be Launched In 2023 – GSE MD

Wontumi1BusinessAbena Amoah, Commercial Paper Market, GSE

The Ghana Stock Exchange (GSE) has indicated it is working hard to reduce concentration risk on the capital market, a move that will reduce losses as a result of an economic shock. According to its Managing Director, Abena Amoah, this is being done with the introduction of additional products on the market such as a commercial paper market, which is awaiting approval from the Securities and Exchange Commission. Addressing market participants at a GSE Facts Behind Figures Programme, Ms. Amoah said her outfit is committed to growing a sustainable capital market. “The other product I want to talk about as…

GSE suspends listing of Sam-Woode Limited

Wontumi2BusinessGSE, Sam-Woode Limited

The Ghana Stock Exchange (GSE) has suspend the listing of Sam-Woode Limited (SWL), affective today 29th September, 2020. This is because the company has suspended its operations. This will be the sixth time the GSE is suspending a firm on the Accra Bourse. African Champion Industry Limited, Clydestone (Ghana) Limited, Golden Web Limited (GWEB), Pioneer Kitchenware Limited and Transaction Solutions Limited have all been suspended by the GSE before. The GSE said in a statement that SWL, which is a publishing company, has informed the self-regulator of the suspension of its operations due to the negative impact of the introduction…