Stock market trading immerses in July, market records 39% return for investors

By InstinctBusiness Aug 10, 2021 0

The Ghana Stock Exchange could not sustain its performance in the month of July 2021 in respect of the total value and volume traded.

However, the stock market returned about 39% in dollar term, sustaining its position as the best performing stock market in Africa so far this year.

The stock exchange outsmarted most analysts’ projection for this year, with impressive gain for investors despite it immerse in the month of July 2021.

It recorded a 40.15% in volume and 33.11% in value traded, as compared to the same period last year.

It has been recorded that the market gained an extra 2.79% return in July 2021 to increase its year-to-date return to about 39%.

https://1f9a270024f1c25a0271acec95950394.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html The top 5 most traded stocks during the month under review were MTN Ghana (81.24%), CAL Bank (9.23%), Guinness Ghana Breweries (1.83%), GCB Bank (1.75%) and Ecobank Transnational Incorporated (1.36%).

Importantly, MTN Ghana emerged the best performing stock on the market so far this year.

Also, the Ghana Fixed Income Market or the Bond Market closed the month of July 2021 with an impressive 19.46 billion volume trading, a 7.15% increase over the month of June.

This exceptional performance by the Fixed Income Market, brings the first seven months cumulative volume traded to 127 billion, a 113.4% increase over the same period last year.