GSE Sees Four Price Gainers, T-bills Dominate 74% of Volumes Traded on Fixed Income Market

GSE Sees Four Price Gainers, T-bills Dominate 74% of Volumes Traded on Fixed Income Market

The Ghana Stock Exchange (GSE) has recorded four price gainers in May.

According to the Summary of May 2024 Market Activities, the top price gainers for the month were New Gold, GCB Bank, MTN Ghana and TotalEnergies.

The GSE Composite Index gained 1.81% in May to record a new all-time high, bringing its year-to-date gain to 19.92%.

The GSE Financial Stock Index also recorded a 0.41% increase, resulting in a year-to-date gain of 7.95%.

Following its listing in May 2024, Atlantic Lithium added 2.85 billion cedis to increase the value of all stocks listed on the markets to 84.02 billion cedis by the end of the month.

The GSE’s Fixed Income Market saw traded volumes of 10.39 billion during May, double the volume traded in May 2023.

Treasury Bills accounted for 74.53% of volumes traded, whilst Government Bonds contributed 24.70%, with Corporate Bonds making up the remaining 0.77%.

The value of all securities on the market stood at 328 billion cedis at the end of the month.

Source: Joy News