The Ghana Stock Exchange (GSE) has announced the admission of Constant Capital (Ghana) Limited as a Licensed Dealing Member of the Exchange.
Constant Capital is an Africa-focused investment firm that offers a range of financial services, including investment banking, asset management, and brokerage services in selected operating jurisdictions in Africa.
The Council of the Exchange made the decision to admit Constant Capital following a thorough evaluation of the firm’s financial and operational capabilities.
With this admission, Constant Capital has been granted the license to trade on the GSE, making it the latest firm to join the ranks of other licensed dealing members on the Exchange.
This development is expected to provide a boost to the GSE, as Constant Capital brings with it a wealth of experience and expertise in the investment banking and financial services sectors. The firm’s extensive network and established presence in several African countries are also expected to create new opportunities for the Ghana Stock Exchange, as it seeks to attract more investors and expand its offerings.
Constant Capital’s admission comes at a time when the GSE is experiencing a surge in market activity, with trading volumes and values increasing significantly in recent months.
This uptick in activity can be attributed in part to the growing interest in the Exchange from both local and international investors, as well as the government’s efforts to promote the development of Ghana’s capital markets.
The GSE’s benchmark index, the GSE Composite Index, has also been performing well, gaining 39.26 points to close at 2,710.06 points, representing a 10.89% year-to-date change.
However, the GSE Financial Stocks Index lost 35.54 points to close the day at 1,722.74 points, representing a year-to-date return of -16.07%.
Trading Activity Jumps
At the end of Wednesday’s trading session on the Ghana Stock Exchange (GSE), a total of 4,925,835 shares, corresponding to a market value of GHS 10,865,643.06, were traded.
Compared with the previous GSE trading day (Monday, May 8), Wednesday’s data showed 8% improvement in volume and 57% improvement in turnover. The current market capitalization of the Ghana Stock Exchange is GHS 68 billion.
In the aggregate, 17 GSE listed equities participated in trading. There were no gainers nor losers. Guinness Ghana Breweries recorded the highest volume of 2.82 million traded shares, followed by GCB Bank (2.07m), Societe Generale Ghana (18,879) and MTN Ghana (15,369).
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