Bond market decreased by 52.7% in volume traded in 2023 – GSE Market Summary
The bond market recorded a decrease of 52.7% year-on-year in volume traded in 2023, the Ghana Stock Exchange Market Summary for 2023 has stated.
According to the report, the volume traded last year was 98.44 billion, as against 230.32 billion in 2022.
The Domestic Debt Exchange Programme continued to impact significantly on the debt market.
According to the report, the total number of trades for 2023 also declined by 24.36%, from 528,188 trades in 2022 to 399,522 trades in 2023.
Long-term government securities accounted for 32.47% of market activity, while short-term government instruments constituted 58.64%, with corporate trades comprising 8.89% within the year.
On the equity market, the year closed with a decrease in volume, value, and number of trades, compared to the figures from the previous year.
The top gainers for the year were Intravenous Infusion Limited (25.00%), Benso Oil Plam Plantation (10.39%), Fanmilk (7.62%) and GOIL (3.45%).
The GSE closed the year with the Composite Index returning 28.08% despite the challenges in the capital market in 2023. However, the Financial Stock Index recorded a year-to-date loss of 7.36%.
| January-December 2023 | January -December 2022 | % Change | |
| GSE CI YTD Change | 28.08% | -12.38% | |
| Volume | 579,675,315 | 1,335,262,647 | -56.59 |
| Value (GH¢) | 818,169,530.95 | 1,639,787,622.32 | -50.11 |
| GSE-CI | 3,130.23 | 2,443.91 | 28.08 |
| Market Capitalization | 73,893.17 | 64,507.32 | 14.55 |
Source: Ghana News
