GSE records GHC194 million in traded shares from January to June
GSE’s performance in the first half of this year represents a 107.9% growth in volumes and 87.7% growth in value traded for the same period in 2019
Ghana News Agency (Accra) – The Ghana Stock Exchange (GSE) has recorded a total of more than 262.2 million traded shares, valued at GHC194 million, in the first six months of 2020. This activity was recorded despite the uncertainty induced by the coronavirus crisis.
On a month-on-month basis, trading volumes recorded a dip of 16% at the end of June, after an impressive run in May 2020.
A volume of 60.74 million shares was recorded at the end of June, compared with 72.61 million shares in May.
This resulted in a total value of GHC46.983 million recorded in June 2020, as against GHC47.825 million recorded at the end of the previous month, a slight fall of 1.76%.
The daily average value recorded in June was GHC2.174 million, against GHC2.517 million recorded in May.
The GSE Composite Index at the end of June 2020 continued the downward trend to record a decline of -15.83% (YTD), compared to the -14.01% (YTD) recorded at the end of May 2020.
On the bonds market, trade volume for the first six months was up 49.7% over the same period in 2019.
Again, the half-year trade volume of 49,519 million is 89% of the total trade volume in 2019, the Ghana Stock Exchange said.
The volume of securities traded for the month of June 2020 increased by 145 million from the May 2020 figure of more than 8.8 billion while the liquidity of the market went up to 54% at the end of June from 32% in May 2020.
Best performance so far
Trading on the GSE for the first quarter of 2020 recorded the highest results as compared to the same period last year.
The managing director of the Ghana Stock exchange, Ekow Afedzi, said despite fears that the coronavirus pandemic will disrupt the economy, trading on the stock market has witnessed the best performance so far.
This he attributes to measures taken by the exchange to automate most of its activities without a physical appearance at the trading floor.
Comparing the performance to the same period last year, Afedzi said that the first quarter of 2020 has been good for the market.
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