Tuesday, July 27, 2021

Ghana Stock Exchange Tops Africa’s Best-Performing Stock Market In First Half Of 2021

The Ghana Stock Exchange (GSE) is the best performing stock market on the African continent in the first half of the year.

After a poor performance in 2020, the GSE recorded a staggering 36.13% in dollar terms for investors in the first half of 2021.

The GSE also recorded a 36.16% return in cedi term for investors. This was far above its peers on the continent. The market capitalisation was at GHC61.3 billion at the end of the half.

The cedi’s strong performance has also caused investors to shift their interest to the stock market since they will record more return than investing in the dollar.

In all, 12 companies appreciated in value compared to six losers at the end of June this year.

MTN Ghana was the biggest gainer on the GSE, recording about 87% return for shareholders. It is presently trading at 1.20 pesewas, far above its listing price. Other stocks that impressed during the first half of the year were Guinness Ghana Breweries (43.3%), Societe Generale (43.75%) and GCB Bank (33.33%).

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Some losers were Ecobank Transnational Incorporated (-25%) and Access Bank (-20.50%).

On the continent, the Lusaka Stock Exchange was second, whilst the Uganda Stock Exchange was third.

COUNTRY STOCK EXCHANGE RETURN

Ghana GSE-CI 36.13%

Uganda USE ASI 19.39%

Kenya NSE ASI 15.55%

South Africa JSE ASI 14.00%

Namibia NSX 01 11.08%

Morocco MASI 10.99%

Zambia LUSE ASI 10.42%

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