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Finance & InvestmentMon, 10 Jan, 22

NSE Starts 2022 on Impressive Note but GSE Struggles

NSE Starts 2022 on Impressive Note but GSE Struggles

The Nairobi Securities Exchange (NSE) has started the year on a very promising note as investors’ wealth saw a gain of Sh8.9billion on the first trading session according to statistics of the exchange.

Most indices on the exchange including the NSE-20 and NSE-25 gained respectively 11.7 and 12.3 points on the opening day trading session for 2022.

A total of approximately 17.6 million shares with market capitalization of Sh630million changed hands on Tuesday trading session. This was an uptake from the last day trading session in 2021 which traded 10 million shares valued at Sh345million.

Meanwhile, its Ghanaian counterpart, the Ghana Stock Exchange (GSE), on its first day of the year trading recorded a decline in the market capitalization traded from a GHS64,495.20million on the last day of 2021 to GHS63,880.68million on Tuesday 4th January 2022 according to the trading data.

Nonetheless, volume of shares traded saw a sharp increase to 19,641,546 shares from the 31st December 2021 traded total share of 178,941.

The Ghana Stock Exchange chalked some impressive successes during last year especially the last quarter having recorded market capitalization for all listed securities ending the month of November 2021 with GHC64, 270.46 million, compared with GHC53,115.38 million, recorded in October same year.

Both exchanges are expected to improve as the year moves on.

 

Source: Mohammed Bomanso Issah (Real Estate Times Africa)

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