Ghana Stock Exchange Ends 2021 As Africa’s 2nd Best Stock Market
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In both dollar and cedi terms, the Ghana Stock Exchange finished last year as Africa’s second best performing stock market.
In dollar terms, investors made a 38.59 percent profit, while in local currency terms, they made a 43.66 percent profit.
The Lusaka Securities Exchange, on the other hand, was Africa’s best-performing stock market, with investors earning 93.2 percent in dollars and 52.21 percent in local currency.
The Malawi Stock Exchange, on the other hand, came in third with a return of 32.24 percent in dollar terms and 40.05 percent in local terms.
Last year, the GSE had one of its best years in recent memory, reversing three years of losses.
The Accra Bourse was the best-performing stock exchange in Africa for the first nine months of 2021, until the Lusaka Stock Exchange overtook it. This was owing to the local currency, the cedi, being under pressure.
Importantly, despite the presence of COVID-19, investor emotions had sustained the market’s expansion.
According to the trading data, 15 stocks on both the main and SME Markets saw their market value increase, while five stocks saw their market value decrease.
Fanmilk was the best-performing stock, up 270.37%, followed by Guinness Ghana Breweries Limited (+100%) and Enterprise Group (+99.29%).
Cocoa Processing Company, on the other hand, had the worst performance (-33.33 per cent). It is still available for purchase at a price of 2 pesewas per share.
The Botswana Stock Exchange had the lowest performance in the continent.