Operators of the Ghana Stock Exchange have posted good results in the first half of 2017 despite tough measures taken to suspend some listed companies.
According to them, the stock exchange recorded about 40 percent good performance in the financial stock index of listed companies.
Speaking to Citi Business News on the reasons for the performance, the Deputy Managing Director of the Ghana Stock Exchange, Ekow Afedzie attributed the gains to the sound economic environment as well as renewal of confidence in the stock market.
“When you take the stock exchange we measure the performance normally by what we call the index. And when you look at the composite index we have on the market, it’s gone up by 38 percent compared to negative 15 last year. When you even look at it from the financial stock index its 40 percent,” he stated.
Mr. Afedzie noted that the performance was influenced by the positive macroeconomic environment.
“That tells you how well the market is performing. If you look at it in volumes and values, in terms of values we traded more than the whole of last year, same as volume. The market is reacting to what is happening in the macroeconomic environment,”
By: Lawrence Segbefia/citibusinessnews.com/Ghana