GSE makes GH¢4.18m profit

The Ghana Stock Exchange (GSE) has recorded a profit after tax of GH¢4.18 million compared to the GH¢1.04 million it made in 2013.

This, however, included profit from the sale of a subsidiary, which amounted to GH¢1.98 million.

The Chairman of the Board of Directors of GSE, Dr Sam Mensah, announced this at the Annual General Meeting and the launch of the exchange’s silver jubilee anniversary in Accra.

According to Dr Mensah, the GSE Composite Index, which measures the performance of the entire market, made a marginal gain of 5.4 per cent compared to the 78.8 per cent recorded in 2013.

Market performance

The GSE volume of shares traded for 2014 stood at 207 million shares valued at GH¢346 million, compared to the volume and value of 313 million shares with a value of GH¢456 million recorded in 2013.

The market capitalisation for all listed securities at the end of December 2014 was GH¢64.4 billion compared to GH¢61.2 billion for 2013,