The Ghana Stock Exchange (GSE) recorded a bullish performance in October, demonstrating enhanced growth in the equities market.

The GSE Composite Index closed at 4,385.94 points, bringing the year-to-date gain to 40.12%.

An October summary of market activities, issued by the GSE and copied to the Ghanaian Times in Accra yesterday, said the performance on the Accra bourse drove the market capitalisation to an all-time high of GH₵‎100.15 billion.

“The GSE Financial Stock Index also experienced an increase, achieving a year-to-date gain of 17.66%,” the GSE stated.

It further stated that the top price gainers for the month included ETI, whose share price soared by 18%, GLD by 11%, RBGH by 10%, FML by 6%, SCB by 4%, GCB by 3%, TOTAL by 2% and GOIL by 1%.


On the equities market, the GSE revealed that the market traded 10,147,298 shares valued at GH₵‎115 910,551.18 during the month.

The GSE said the losers were MTNGH, whose share price fell by 1%, and CAL, whose share price dropped by 7%.

This represents a 14.51% decline in volume traded and a 510.37% increase in value compared to the same period last year.

“A total volume of 943,367,544 shares valued at GH₵‎1, 968,592,127.43 has traded so far this year, marking a 122.23% increase in volume and a 239.55 per cent rise in value compared to the corresponding period last year,” the GSE indicated.

For the fixed income market, the GSE said its Fixed Income Market closed October with a traded volume of 16.43 billion, representing a 69.88% increase compared to the same period in 2023.

However, compared to the preceding month, the traded volume of 16.43 billion represents an increase of 5.86%.

Moreover, it noted that Treasury Bills dominated the market, accounting for 78.51% of the total volume traded, followed by Government Bonds at 19.50%, while Corporate Bonds contributed the remaining 1.99%.

The GSE said the year-to-date trading volume on the Fixed Income Market reached 135.19 billion, marking a 96.24% increase over the 68.89 billion traded in the corresponding period last year.