GHANA STOCK EXCHANGE DECLINES IN THE MONTH OF APRIL

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IMAGES COURTESY OF GOOGLE


The top five gainers on the equities market of the Ghana Stock Exchange (GSE) in April 2023 were 

GOIL (0.61%), MTN Ghana (0.80%), GCB Bank (1.59%), Benso Oil Palm Plantation (20.91%),

 and Unilever Ghana (20.00%).

MTNGH, the company with the most traded stocks in the month of April


The GSE Composite Index dropped 3.87 points in April 2023, according to the Summary of 

April 2023 Market Activities. Although there was a significant increase in both the volume and 

value of shares traded on the Ghana Stock Market . However, despite these increases, 

the overall returns remained negative. The Ghana Stock Exchange Composite Index declined

 from 2745.333 million in March to2741.456 million in April. The month-to-date return for the 

entire equity market was -0.14 percent, indicating a decline, and the financial stock index also 

showed a negative return of  -2.68 percent. 

Below is a table of the performance of stock market.


Performance of GSE

Indices

GSE CI

GSE FSE

Previous (31ST March 2023)

2745.333

1806.668

Current 28tH April 2023

2741.456

1758.276

change (%)

-0.14%

-2.68%
  

    

The overall assessment of the stock market from March 31st to April 28th, 2023, shows that the

 volume of shares traded in April was GHs 5.54 million, with a total value of GHs 7.32 million. The 

composite index of the Ghana stock market saw a marginal decline, ending the day's trading at GHs 

2741.456 million. Investors in New Gold Issuer Limited (GLD) and Standard Chartered Bank (SCB) 

experienced a decline in their shareholdings, with prices selling at GHs 219.27 and GHs 15.40, 

respectively. Share prices in other stocks such as EGL, FML, SIC, and SEL also experienced a 

marginal decrease.

    

                  

Laggards

Stocks

Opening Price

Closing Price

Change

SWL

      0.05

 

       (0.05)

SIC

      0.31

      0.25

       (0.06)

FML

      1.29

      1.06

       (0.23)

EGL

      3.00

      2.70

       (0.30)

SCB

    17.10

    15.40

       (1.70)

GLD

  229.00

  219.27

       (9.73)


 While the shares of BOPP and UNIL saw a price increase of 2.44 Ghana cedis and 0.80 pesewas, 

respectively, GCB, TOTAL, GOIL, and MTN saw slight changes in their prices for the day's trade.


Advancers

stocks

opening price

closing

change

BOPP

    11.67

    14.11

         2.44

UNIL

      4.00

      4.80

         0.80

GCB

      3.15

      3.20

         0.05

TOTAL

      6.39

      6.42

         0.03

GOIL

      1.64

      1.65

         0.01

MTNGH

      1.25

      1.26

         0.01


The five most traded stocks in terms of volume for April 2023 were MTN Ghana, ETI, GCB, SIC, and 

TOTAL.

These graph below shows  the topmost most traded stocks in volume at the cloth of the month.



 In terms of value, the five most traded stocks were MTN Ghana, GCB, TOTAL, BOPP, and 

UNIL. MTN had the highest volume and value of stocks traded, accounting for 82.48 percent and 

75.68 percent, respectively.







The Ghana Stock Market is considered one of the best in the West African sub-region and is open to 

anyone above the age of 18. We anticipate more investors participating in the stock market to benefit 

the Ghanaian economy.

Ezekiel Koranteng, a Business Analyst speaks about the Ghana stock Market.


Disclaimer: All images courtesy of Google.

Story by

Eyram M.A. Yorgbe

Kwaku Amponsah Yeboah

Loretta Juamah Nelson

Portia Sarpong

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