GSE to end 2021 as Africa’s best performing stock

The Ghana Stock Exchange could be closing the year as the best performing equity market in Africa this year with a Year-To-Date return in local term of about 44% for investor, its November 2021 Monthly Performance Report has revealed.

At the same time, the bond or debt market continued its outstanding performance with barely two weeks to end the year.

The report stated that investor sentiments continued to sustain the growth of the market as foreign investors will be smiling home with a return of about 40% in dollar term by the end of the year.

The major gainers in the month of November 2021 were BOPP (33%), CalBank (14.47%), Ecobank Transnational Incorporated (12.50%), Total Petroleum (9.36%) and GOIL (7.06%). These stocks have witnessed immense investor interest in recent times.

Total value of shares traded during the month under review was estimated at 44.4 million, a growth of 29%, over the previous month.

For the bond market, it closed the month of November 2021 with a total of 19.70 billion volume traded. This represents an increase of 12.19% over the previous month.

Total value of bonds traded was however estimated at a little above 20 billion.

Meanwhile, in Africa, the Lusaka Stock Exchange of Zambia (43.77%) and the Ivorian BVRM (24.58%) are the 2nd and 3rd best performing stock market in local term.

Source: Myjoyonline