Ghana Stock Exchange registers upward strides

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It was an exciting week on the Ghana bourse as the market indices consistently registered upward strides in all five trading sessions. As a result, th...

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It was an exciting week on the Ghana bourse as the market indices consistently registered upward strides in all five trading sessions. As a result, the yield of the GSE Composite Index went up to an All-Year- High of 17.87%, which is better as compared to the -10.41% recorded the same period last year.

The values of SIC Insurance, Ecobank Transnational Incorporated, Standard Chartered Bank, Ghana Oil and three others closed trading higher due to mounting demand, coupled with speculative transactions.

However, liquidity was lower compared to figures posted at the previous week; trade volumes declined by 85%, while value went down by 80%. During the week, the GSE held its 27th Annual General Meeting at the Movenpick Ambassador Hotel. Some of the issues discussed at the AGM included the impact of the current macro-environment on the performance of the GSE.

Source: UMB

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