GSE records slow performance in May 2023; Unilever, Fanmilk among big gainers

The Ghana Stock Exchange (GSE) Fixed Income Market (GFIM) recorded 5.0 billion volumes traded in May 2023, about 12.4% decrease from the previous month. Compared to last year, it was down by 71.06%.

According to the GSE May 2023 Report, the value traded were ¢109.885 million, down 81.91% compared to the same period last year.

From January 2023 to May 2023, the cumulative volume traded amounted to 35.47 billion, a decline of 64.22% compared to the 99.15 billion traded during the corresponding period last year.

Trades in short-term government securities accounted for 76% of activity on the market.

On the Equities market, the GSE Composite Index recorded a decline of 230.17 points during the month of May 2023, resulting in a fall in the year-to-date return to 2.76% from the previous month’s return of 12.18%.

Similarly, the GSE Financial Stock Index lost 80.90 points, increasing the year-to-date losses to 18.28%.

Unilever (26.67%), Fanmilk (22.64%), Guinness Ghana Breweries Limited (10.00%) and Total (0.47%) were the top gainers in May 2023. On the other hand, Standard Chartered Bank (-18.83%), MTN

Ghana (-13.49%), Enterprise Ghana (10.00%), SIC (-4.00%) and Societe Generale -3.23%) led the loss sheet.