The Ghana Inventory Alternate (GSE) says 2021 is proving to be probably the greatest performing years inside the final 5 years.
That is attributed to the continual schooling concerning the market, the efficiency of listed corporations, and the approaching again of some buyers to the fairness market.
Mr Ekow Afedzi, the Managing Director of the GSE, on the “Time with the Ghana Inventory Alternate,” mentioned as an Alternate, it had seen loads of enchancment in its 2021 actions concerning the equities market.
The occasion was organised by the Institute of Monetary and Financial Journalists on the subject: “Mitigating shocks by means of long run capital for enterprise – How poised is the GSE?”
Mr Afedzi mentioned pension funds might do higher and instructed extra corporations needs to be listed onto the market to draw extra investments.
He mentioned what the Alternate was doing was to reveal the pension funds to much more available on the market actions to reinforce day by day or month-to-month outcomes on the efficiency of the market.
“So that’s bettering their curiosity out there,” he added.
Mr Afedzi mentioned the benefit was the power to entry long run funding usually, enhance company governance, know-how and effectivity of the market.
Complete quantity of shares traded on the equities market in August, 2021 was 20.67 million valued at GH¢27.49 million.
This represents a lower of seven.84 per cent (quantity) and 18.36 per cent (worth) in comparison with 2020.
Quantity and worth traded dipped in comparison with July 2021, as buyers held onto profit from dividend funds introduced by varied issuers.
Cumulated quantity (370.19 million) and worth (GH¢368.71 million) traded for the 12 months represented a lower of two.23 per cent and a rise of 35.28 per cent respectively when in comparison with the identical interval final 12 months.
On Ghana Fastened Revenue Market, the market continued its spectacular efficiency operating, closing the month at 14.90 billion volumes traded, representing a rise of 143.31 per cent in comparison with identical interval final 12 months.
The cumulative quantity traded from January to August, 2021 was virtually doubled in comparison with the identical interval final 12 months, closing at a complete quantity traded of 140.96 billion, which was 116.03 per cent greater than identical interval in 2020. GNA