GSE Fixed Income Market ends August 2024 with 236.02% increase in bond trading

The Ghana Stock Exchange’s (GSE) Fixed Income Market closed the month of August 2024 with a traded volume of 17.92 billion, a significant 236.02% increase over the same period last year.

Treasury Bills accounted for 64.28% of volumes traded, whilst the government bonds contributed 34.08%, with corporate bonds making up the remaining 1.64%.

Year-to-date trading volume reached103.24 billion, marking a 99.47% increase over the 51.76 billion traded in the corresponding period last year.

GGBL, 4 others are top gainers

On the equities Market, the GSE Composite Index saw a 2.98% drop in August 2024 closing at 4,359.85 points, reducing the year-to-date gain to 39.28%.

The GSE Financial Stock Index increased by 0.77%, increasing its year-to-date gain to 11.38%.

The top price gainers for the month were GGBL (9.79%), Camelot (9.09%), BOPP (8.70%), Unilever (8.33%) and Enterprise Ghana Limited (6.45%).

On the other hand, MTN Ghana and CalBank lost 5.98% and 8.82% respectively.

On a while, a total volume of 652,798,625 shares valued at GH¢1,285,702,743.41 has traded so far this year, marking an 83.91% increase in volume and a 170.94% rise in value compared to the corresponding period last year.