The Ghana Stock Exchange ended 2023 with the Composite Index returning 28.08 per cent despite the challenges in the capital market in the year under review.
This compares to a loss of 12.38 percent in 2022.
The Financial Stock Index, however, recorded a year-to-date loss of 7.36 percent, compared to a loss of 4.61 percent in 2022.
Volumes, value, and number of trades also saw a dip, compared to the figures recorded in 2022.
The cumulative volume traded amounted to 579,675,315, valued at GHS818.1 million, indicating a decline of 56.59 percent and 50.11 percent respectively, compared to the same period in 2022.
Despite a marginal 0.08 percent decrease in the number of transactions, there was an increase in market capitalization, rising by 14.55 percent from GH¢64.5 billion at the end of December 2022 to GH¢73.89 billion by the close of December 2023
The top gainers for the year were BOPP (187.58%), TOTAL (127.00%), UNIL (109.02%), GGBL (65.85%), and MTN (59.09%).
The Ghana Fixed Income Market (GFIM) on the other hand closed the year with a cumulative volume traded of 98.44 billion which is a 57.26% decrease from the 230.32 billion volume traded same period in 2022.
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