The Ghana Stock Exchange (GSE) recorded an improved volume of shares transacted in the year 2022 compared to the previous year 2021, despite the index ending the year in negative territory.
The GSE disclosed in a statement on the full year report on trading activities that the volume of shares traded 2022 on the Accra bourse increased by more than 100 percent to 1,335,262,647 in 2022 from 486,587,748 recorded in the preceding year. This represents an increase of 174.41 per cent on year-on-year basis.
Meanwhile, the Equities market closed the year not only with an increase in volume, but also, it recorded an increase in value and number of transactions.
According to the end of year summary report, the value of shares traded rose to GHS1,639,787,622.32 in 2022 from GHS533,270,293.38 in 2021, representing an increase of 207.50 per cent.
“The number of transactions increased by 38.23 per cent compared with the same period last year,” GSE said in the statement.
Moreover, the statement disclosed that the market capitalisation increased from GH¢ 64, 495.20 million at the end of December 2021 to GH¢ 64, 507.32 million at the end of December 2022. This represents a 0.32 per cent increase in market caps.
However, it stated that the Composite and Financial Stock Indexes returned -12.38 per cent and -4.61 per cent respectively, making it one of the worst performers on the continent.
The Top Gainers
The top gainers for the year were SIC Insurance PLC, TBL, Benso Oil Palm Plantation Limited (BOPP), Enterprise Group (EG), and Access Bank PLC. SIC Insurance PLC recorded a gain of 287.59 per cent, while TBL also recorded a gain of 135.29 per cent.
Similarly, Access Bank PLC also recorded a gain of 27.30 per cent, and BOPP gained 15.04 per cent and Enterprise Group recorded a gain of 14.70 per cent.
The bond market, represented by the Ghana Fixed Income Market (GFIM) closed the year with a cumulative volume trade of 230.68 billion, which represents a 10.60 per cent increase from the 298.57 billion volumes traded same period last year.
Meanwhile, the total number of trades for the year increased by 58.30 per cent from the 346.803 trades in 2021 to 528.188 trades in 2022.
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