The Ghana Stock Exchange returned to positive territory on Friday, November 6, with the benchmark Composite Index gaining 0.24% as the volume of shares traded almost tripled from the previous session.
The GSE Composite Index closed at 14,000.37 points, up from 13,966.79 points on Thursday. The increase pushed its year to date return to 59.63%.
The GSE Financial Stock Index was largely unchanged, edging to 7,269.22 points from 7,268.98 points. Its year to date gain remained at 56.42%.
Equity volumes surge
Trading activity strengthened sharply, with 2.93 million shares changing hands compared with 996,583 shares in the previous session.
That represented a 193.84% increase in trading volume.
The value of shares traded, however, moved in the opposite direction. Equity turnover declined 9.28% to GH¢6.32 million from GH¢6.96 million recorded a day earlier.
The divergence suggests the session was driven by a larger number of lower value shares despite the sharp increase in volumes.
Fixed income turnover rises 31%
Activity on the fixed income market also picked up, with total turnover reaching GH¢1.19 billion, up 30.62% from GH¢911.85 million.
DDEP bonds accounted for the largest portion of activity, with turnover rising 62.22% to GH¢682.01 million.
Treasury bill transactions increased 3.56% to GH¢503.25 million, while corporate bond turnover climbed 16.32% to GH¢5.78 million.
Trading in old Government of Ghana notes and bonds stood at GH¢65,400, while no transactions were recorded in new government notes and bonds.
The November 6 session therefore ended with a modest equity market recovery but considerably stronger trading activity across both equities and fixed income.
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