The Ghana Stock Exchange (GSE) recorded a considerable increase in market activities in the month of July, 2022 compared to the previous month, June 2022.

In a statement containing the summary of activities on the Exchange issued by Mr. Ekow Afedzie, the Managing Director of the Ghana Stock Exchange, both the volume and value transactions on the bourse soared in June by more than 30 percent.

According to the summary report, the volume of shares traded on the Accra bourse increased to 64,332,881 in July from 48,234,978 recorded in June. This represents an increase of 33.37 per cent. Meanwhile, the value of transactions also jumped to GH¢61.5 million in July from GH¢45.3 million recorded in June, 2022 representing a growth of 35.87 per cent.

Compared with value and volume traded the same period last year, the volume of shares traded stood at 64,332,881 and valued at GH¢61,493,287.83, which both went up 186.89 per cent and 82.65 per cent respectively on volumes and values traded same period last year.

“Cumulative volume (1,155,403,902) and value (GH¢1, 123,088,148.49) traded for the year represent an increase of 230.56 per cent and 229.13 per cent over the same period last year.”
Ekow Afedzie

Market Capitalization Declines

However, the market capitalization which determines the total value of all of a company’s shares of stock and calculated by multiplying the price of a stock by its total number of outstanding shares, plummeted in July. According to the monthly report, the total market capitalisation fell from GH¢64.9 billion in June this year, 2022 to GH¢64.4 billion in in July 2022, representing a drop of 0.71 per cent, while the GSE Composite Index closed in July at 2518.86 points from 2545.48 points in June.

The GSE said the equity market closed the month with the Composite Index and Financial Stock Index recording negative returns of 9.7 per cent and 2.24 per cent respectively.

“The gainers for the month were TBL (9.09 per cent), GLD (5.43 per cent), SIC (3.23 per cent), ACCESS (1.59 per cent), and MTNGH (1.11 per cent).”
Ekow Afedzie

On the Ghana Fixed Income Market (GFIM), the GSE stated that GFIM closed the month with a volume traded of 19.16 billion which was a 1.52 per cent decline from the 19.45 billion traded same period last year.

On the year-on-year basis, the GFIM closed the month of June with a 1.52 per cent year-on-year marginal decline of the 19.45 billion traded last year, 2021.

“The cumulative volume traded from January to July 2022 of 143.23 billion was 12.84 per cent more than the 126.93 billion traded in same period last year.”
Ekow Afedzie