Sectors & markets
Ghana Stock Exchange profit up GHS 7 million
From GHS 5,377,510 for 2016, the Ghana Stock Exchange recorded a profit of GHS12, 368,456 for the year ending 31 December 2017, an improvement of GHS6,990,946.
The jump in profit translates to 130 % increase.
At its Annual General Meeting (AGM) in Accra, GSE Chairman, Albert Essien, said that the Composite Index (GSE-CI) which measures the performance of the entire market recovered from its negative trend in 2016 to end the year strongly with 52.73% compared with the (-15.33%) recorded at the end of 2016.
He added that the GSE Financial Stock index (GSE-FI) also recorded a positive gain of 49.51% compared to a negative (-19.93%) recorded at the end of 2016.
Furthermore Market capitalisation for all listed securities at the end of December 2017 was GHS58.8 billion compared to GHS52.7 billion in 2016 representing an increase of 11.48%.
The domestic market capitalisation gained 45.23% ending December 2017 at GHS16.2 billion compared to GHS10.9 billion at the end of December 2016.”
