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Ghanaian stock market: up 50%

20/12/2024
Source : ORISHAS FINANCE
Categories: Index/Markets

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Depuis environ 11 mois, du début de l' année 2024 Until November of the same year, the Ghanaian stock market soared, with the composite index increasing by almost 50%, compared to a gain of 29.71% during the year. Ecirc; me period last year

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The financial stocks index rebounded sharply, gaining 23.64% after a drop of 2.71% in 2023. Market capitalization jumped by 46.66% to reach GHc 108.36 billion, far exceeding the 15.08% growth recorded in November 2023. As far as commercial activity is concerned, it has declined considerably. The traded value fell by 83.85%, from GHc 172.37 billion to GHc 27.84 billion. Volumes fell by 92.9%, from 131.71 million shares in November 2023 to 9.35 million shares

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The Ghanaian equity market reflects contrasting trends, including strong price growth and a sharp drop in transaction volumes and values. The increase in market capitalization and the financial stocks index reflect the growing confidence of investors in Ghana's economic recovery, although the decline in liquidity raises questions about the extent of market participation.

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