Ghana Stock Exchange Sees Impressive Growth in 2024, Unilever Ghana Leads the Charge

 

Source: Africa Publicity

 

The Ghana Stock Exchange (GSE) wrapped up 2024 on a high note, with a 56.17 percent Year-To-Date (YTD) increase in the Composite Index and a 25.20 percent YTD rise in the Financial Stock Index.

 

Unilever Ghana Limited (UNIL) emerged as the top performer, achieving a remarkable 140.44 percent increase in its share price, from GH₵ 8.11 to GH₵ 19.50. Other notable performers included:

 

– ABSA NewGold ETF (GLD), with a 78.72 percent increase

– MTN Ghana (MTNGH), with a 78.57 percent gain

– GCB Bank (GCB), with an 87.35 percent rise

– Ecobank Transnational Incorporated (ETI), with a 106.67 percent gain

 

The strong performance of these stocks reflects a year of investor confidence and market recovery. The GSE’s growth was driven by a combination of factors, including improving economic indicators and strong investor sentiment.

 

Key market statistics for 2024 include:

 

– Top Gainer: Unilever Ghana Limited (140.44 percent)

– Largest Contributor to Market Value: ABSA NewGold ETF (48.65 percent)

– Overall GSE Composite Index Growth: +56.17 percent YTD

– Financial Stock Index Growth: +25.20 percent YTD

 

Looking ahead to 2025, analysts anticipate further growth, driven by strong investor sentiment and improving economic indicators. The outstanding performance of stocks like Unilever Ghana, MTN Ghana, and ABSA NewGold is expected to continue, making the GSE an attractive destination for investors.

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