GSE continues its impressive performance in August; 5 companies record exceptional growth

The Ghana Stock Exchange continued its impressive performance this year with a gain of 1.22% in August.

At the same time, five companies recorded gains in their market value.

According to the summary of market activities for the month of August, Unilever Ghana (156.36%), Ecobank Transnational Incorporated (16.67%), Fanmilk (14.29%), Enterprise Group Limited (13.33%) and Total Petroleum (5%) all recorded exceptional share price growth.

As a result, this pushed the GSE Composite Index – the benchmark of total market performance to 41.66%, and strengthened its position as the best performing stock market in Africa so far this year.

However, the total volume and value of shares traded decreased compared to the previous month.

Indeed, investors were keen to benefit from the dividend payments announced by the various listed companies.

The bond or bond market also continued its impressive course with 13.90 billion volumes traded in August. This represents an increase of 143.3% compared to the same period last year.

The value traded was 14.4 billion yen, an increase of 147% from the same period last year.