Ghana Stock Exchange (GSE) Live
|GSE-CI Index||Year-to-Date||Market Cap.|
|2,677.88 (+2.09)||+736.29 (37.92%)||GHS 62.3Bn|
The Ghana Stock Exchange (GSE) is the principal stock exchange of the country located in the capital Accra. Through its automated trading system, the GSE opens for continuous trading every working day from 10:00 to 15:00 GMT. Settlement of trades, handled by Bank of Ghana's Central Securities Depositary, is done on a T+3 basis (business days). Backed by the SEC, the regulatory body for the securities market in the country, the GSE has various investor protection provisions such as rules against insider trading as well as a fidelity fund to compensate investors for losses incurred as a result of malpractice by a licensed dealing member of the bourse.
In January 2011, the GSE began publishing two indices, namely, the GSE Composite Index (GSE-CI) and the GSE Financial Stocks Index (GSE-FSI). The GSE-CI is a market capitalization weighted index comprising all listed ordinary shares with the exception of those of listed companies that have shares listed on other markets. Calculation of the index is based on the volume-weighted average closing price of the constituent stocks. The GSE-FSI is exactly like the GSE-CI but has as its constituents stocks from the financials sector, including those in the banking and insurance industries. The GSE-CI is regarded as the benchmark index of the Ghana stock market.
The GSE has two categories of listing, namely, the main board and the Ghana Alternative Market (GAX). The GAX, operated as a parallel market since 2015, is aimed at small and medium-sized enterprises with strong growth potential. The table below presents equities from both categories. Currently, the types of stocks listed on the GSE are common stocks (ordinary shares), preferred stocks (preference shares), and exchange traded funds.
- Showing 1 - 39 of 39 listings
GSE TRADING SUMMARY FOR FRIDAY, SEPTEMBER 24, 2021: At the end of the last weekday of trading on the Ghana Stock Exchange (GSE), a total of 1,959,111 shares, corresponding to a market value of GHS 4,650,696.52, were traded. Compared with the previous GSE trading day (Thursday, September 23), today's data shows 791% improvement in volume and 752% improvement in turnover. The current market capitalization of the Ghana Stock Exchange is GHS 62.3 billion.
In the aggregate, 11 GSE equities participated in trading, ending with three gainers and just one loser. Benso Oil Palm Plantation led the gainers with 10% share price appreciation closing at GHS 2.86 per share, followed by Fan Milk (+9.16%) and Ecobank Ghana (+0.13%). The only equity that lost value on the day was Republic Bank Ghana (-4.44%). Ghana Oil Company recorded the highest volume of 910,423 traded shares, followed by CAL Bank (469,722), Ecobank Ghana (264,534) and Fan Milk (210,000).
Regarding the performance of GSE market indices, the benchmark GSE Composite Index (GSE-CI) inched up 2.09 (0.08%) points to close at 2,677.88, representing a 1-week loss of 3.92%, a 4-week loss of 1.84%, but an overall year-to-date gain of 37.92%. The GSE Financial Stocks Index (GSE-FSI), on the other hand, decreased by 0.12% to 2,006.00 points, making it a 1-week gain of 1.43%, a 4-week gain of 4.8%, and a year-to-date gain of 12.52%.