Accra, Ghana//-Ghana Stock Exchange (GSE) has ended the year 2024 with impressive performance revealing that its Equity Market closed the year with the GSE Composite Index (GSE-CI) returning 56.17%, the highest since 2013.
This was disclosed by the GSE’s Summary of Full Year 2024 Market Activities report released on Monday 6, January 2025.
The GSE-CI is a market capitalization-weighted index, that is each constituent is given weight according to its market capitalization. The base date for the GSE-CI is December 31, 2010, and the base index value is 100.
It also revealed that the Financial Stock recorded a gain of 25.20%, which is the highest since 2017. Trade values increased 163.15% to GHS2.15 billion compared to the previous year.
Top five gainers
According to the report, the top five gainers for the year 2024 were Unilever Ghana Plc (140.44%), Ecobank Transnational Inc (106.67%), GCB Bank Plc (87.35%), NewGold (78.72%), and MTN Ghana (78.57%).
The top losers
The top losers were CAL Bank Plc (-27.08%), Enterprise Group Plc (-17.15%), Meridian Marshalls Holding Company (-9.09%), Dannex Ayrton Starwin Plc (-5.00%), and Societe Generale Ghana (-4.46%), it added.
The Ghana Fixed Income Market (GFIM) which establishes transparency in pricing and trading information in the secondary trading of fixed income securities including government and corporate fixed income securities and other similar securities or instruments concluded the year with a total traded volume of 174 billion.
This represents a 76.76% increase from the 98.44 billion traded during the same period last year.
The report also noted that short-term government instruments accounted for 69.19% of volumes traded, followed by long-term government securities (28.76%), corporate bonds (1.34%), and Bank of Ghana securities (0.71%).
Equities
The cumulative volume traded amounted to 992,188,948 valued at GHS2,153,054,280.73 indicating an increase of 71.16% and 163.15% respectively compared to the same period last year.
Market capitalisation also increased, rising by 50.70% from GHS73,813.17 million at the end of December 2023 to 111,356.09 million by the close of December 2024, according to the report.
