GSE April 2023 performance: Benso, 4 others were top gainers; market records 12.18% return

Benso Oil Palm Plantation (20.91%), Unilever Ghana (20.00%), GCB Bank (1.59%), MTN Ghana (0.80%) and GOIL (0.61%) were the top five gainers on the Ghana Stock Exchange (GSE) equity market in April 2023.

According to the Summary of April 2023 Market Activities, the GSE Composite Index lost 3.87 points during the month of April 2023 to bring the Year-To-Date return to a positive 12.18%.

The GSE Financial Stock Index also lost 48.39 points to extend the YTD losses to 14.34%, in response to the latest round of audited full-year 2022 results and unaudited quarter-one 2023 figures released by the major banks.

Volume and value traded were 5,543,856 and ¢7,315,977.28 respectively, both down 94.72% and 93.17% compared to the same period last year. The cumulative volume of 186,888,644 valued at ¢206, 364,155.69 represents a decrease of 51.55% and 49.55% to the same period last year.

Bond market improves month-on-month

For the bond market, the month closed with a total volume trade of 5.71 billion representing an increase of 2.51% compared to total volume trades in the previous month and a decline of 67.88% compared to the same period last year.

The cumulative volume traded from January to April 2023 of 30.47 billion was a 62.77% dip from the 81.85 billion traded in the same period last year.

Source: Ghana News