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Finance & InvestmentSun, 15 May, 22

GSE Equity Market Begins To Attract Local Investors as Foreign Investor Participation Falls

GSE Equity Market Begins To Attract Local Investors as Foreign Investor Participation Falls

Year-on-year equity market participation for the month of April ending sees foreign investors contributing 74 percent of the equity market in 2022 compared to 82 percent in the corresponding period of 2021. 

While foreign investor participation decreases, local investors begin to appreciate the opportunities that exist in the equity market. Year-on-year equity participation for the month of April 2022 see local investors contributing 26 percent compared to the 18 percent recorded at the same time 2021. 

For the same period, Pension Funds also showed an impressive performance by increasing investment contribution to 9 percent of equity trades between January and April 2022 compared to the 5 percent recorded in the corresponding period of 2021.

The total number of equity traded on the Ghana Stock Exchange increased to 385,720,542 from the 230,703,019 recorded at the same time last year. Experiencing a percentage change of 67.19 percent on year-on-year change.

Meanwhile the total value of equities traded in the stock exchange experienced an upward movement to Ghc409,022,611.04 from Ghc184,496,152.82 recorded in April 2021. This represents a percentage change of 121.70 percent.

The equity market recorded a market capitalization of 63,817.62 compared to the corresponding 60,801.73 million recorded in 2021. Just about 4.96 percent Year-on-year increase while the month-on-month market capitalization experienced a negative growth of (-0.33%) in April 2022.

On the Ghana fixed income market, the performance in the stock exchange continued to grow as the total number of trades on the debt market increased from to 188,794 compared to the 82,798 trades recorded in 2021.  

This resulted in a percentage change of 128 percent in the total volume traded within one year. Corporate bonds alone experienced a 131 percent change while Government issued securities also grew by 4 percent in volume traded. 

Government bonds vs Corporate bonds

 

Source:Abdul-Razak Mohammed (Real Estate Times Africa)

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