GSE Profit up GHS7m

From GHS 5,377,510 for 2016, the Ghana Stock Exchange recorded a profit of GHS12, 368,456 for the year ending 31 December 2017, an improvement of GHS6,990,946.

The jump in profit translates to 130 % increase.

At its Annual General Meeting (AGM) in Accra, GSE Chairman, Albert Essien, said: “Composite Index (GSE-CI) which measures the performance of the entire market recovered from its negative trend in 2016 to end the year strongly with 52.73% compared with the (-15.33%) recorded at the end of 2016”.

“The GSE Financial Stock index (GSE-FI) also recorded a positive gain of 49.51% compared to a negative (-19.93%) recorded at the end of 2016.”

He added that: “Market capitalisation for all listed securities at the end of December 2017 was GHS58.8 billion compared to GHS52.7 billion in 2016 representing an increase of 11.48%”.

“Domestic market capitalisation also gained 45.23% ending December 2017 at GHS16.2 billion compared to GHS10.9 billion at the end of December 2016.”

Source: ClassFMonline