Trading activities on the Ghana Stock Exchange (GSE) witnessed a bullish performance in November this year, showcasing the sustained and robust growth in the Ghanaian economy throughout the last three quarters.

According to the GSE's Summary of November 2023 market activities, both the volume and value of shares traded on the Accra bourse experienced significant increases, with a rise of 1,009.7% and 807.7%, respectively.

On the equities market, the volume of shares traded surged to 131,714,300 in November, a notable increase compared to the 11,869,147 recorded previously.

Simultaneously, the value of shares soared to GH¢172,371,708.48, demonstrating a substantial growth from GH¢18,990,316.20 in October.

Key contributors to the market's performance in November included EGH, which saw an 18.64% increase in its share price, GLD with a price gain of 2.58%, MTNGH experiencing a 2.19% increase in its share price, CAL with a growth of 2%, and FML recording a 0.33% increase in its share price.

The GSE reported a 0.67% increase in total market capitalization, reaching GH¢74,234.96 in November, up from GH¢73,736.96 in October. The GSE–CI, reflecting year-to-date performance from January to November 2023, saw an impressive increase of 29.71%, a stark contrast to the 11.69% loss recorded during the same period last year.

The GSE Composite Index (GSE CI) registered a rise of 44.28 points compared to the previous month, contributing to the year-to-date return of 29.71%. Additionally, the GSE Financial Stock Index (GSE-FSI) gained 17.52 points during the month, reducing the year-to-date loss to 2.71%.

In the Fixed Income Market (GFIM), the GSE noted an increase in trading volumes, reaching 12.78 billion in November, reflecting a notable 32.16% increase compared to the previous month's volume of GH¢9.67 billion.

Long-term Government securities transactions constituted 50.33% of market activity, marking a significant rise from the 41.43% recorded in the preceding month.