Home / Ghana Stock Exchange profit up GHC7 million

Ghana Stock Exchange profit up GHC7 million

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.com

About admin

Check Also

Video of a lady smoking while sandwiched between men in a car goes viral

Gone are the days when mar¡juana addicts hid under the cover of darkness to get …

Afram Plains District Assembly raises 150k cashew and Mango seedlings for farmers

A total of 150,000 cashew and Mango seedlings have been raised for free distribution to …

Court stops ASEPA from Agyapa demonstration

A court in Accra has placed an injunction on the planned demonstration by Alliance for …

Leave a Reply

Your email address will not be published. Required fields are marked *