Ghana Stock Exchange Market Return History & Index Trend

For some time now I have been receiving calls and emails from friends and people, particularly MBA finance students for an access to the Ghana Stock Exchange market returns history for their various academic researches. Other analysts also request for this information but this has been missing from the website of GSE. You can get access to the full historically data of listed companies on the GSE but not that of the Composite Index or the Financial Stock Index.
The stock market has been operating since 1990 and a big thanks to Annual Reports Ghana, for capturing the year to year returns and trend of the indexes so well.  You can even get access to the time series of GSE indices upon request.

GSE Returns since inception:

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GSE RETURNS
Courtesy: www.annualreportsghana.com

	GSE Return		DATE	INDEX
1990	-29.75%	GSE ALL SHARE INDEX	28-Dec-90	70.25
1991	-8.18%		30-Dec-91	64.51
1992	-3.62%		29-Dec-92	62.17
1993	113.73%		30-Dec-93	132.88
1994	124.35%		30-Dec-94	298.10
1995	6.33%		29-Dec-95	316.97
1996	13.82%		30-Dec-96	360.76
1997	41.85%		31-Dec-97	511.74
1998	69.69%		30-Dec-98	868.35
1999	-15.22%		29-Dec-99	736.16
2000	16.55%		29-Dec-00	857.98
2001	11.42%		31-Dec-01	955.95
2002	45.96%		30-Dec-02	1,395.31
2003	154.67%		31-Dec-03	3,553.42
2004	91.33%		31-Dec-04	6,798.60
2005	-29.72%		30-Dec-05	4,778.07
2006	5.21%		29-Dec-06	5,026.80
2007	31.21%		31-Dec-07	6,595.63
2008	58.16%		31-Dec-08	10,431.64
2009	-46.58%		31-Dec-09	5,572.34
2010	32.25%		31-Dec-10	7,369.21
2011	-3.10%	GSE CI	30-Dec-11	969.03
2012	23.81%		31-Dec-12	1,199.72
2013	78.81%		31-Dec-13	2,145.20
2014	5.40%		31-Dec-14	2,261.02
2015	-11.77%		31-Dec-15	1,994.91

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GSE TREND
Courtesy: www.annualreportsghana.com

Note that, the Ghana Stock Exchange introduced the GSE COMPOSITE INDEX (a capitalisation weighted index, using VWAP of GSE-listed companies) in 2011, to replace the GSE ALL SHARE INDEX. Its base date and value is 31.12.10 and 1,000 respectively.

So now you have it. Email: info@annualreportsghana.com for more information on the Ghana Stock Exchange and Listed companies. 

Trouble hits the Ghana Stock Exchange as major indexes record second successive loss

The stock market ended the last trading session of the week in red as major indices went down again. The GSE-Composite Index recorded back-to-back losses following negative changes in CAL and TOTAL. The index dropped 0.51 points to close the week at 1,039.94 points, bring the year-to-date return to 7.32%. The financial stock benchmark dropped more points and recorded a second successive loss, down 1.43 points from 873.22 points to 871.79 points.

Is Ghana Stock Exchange a company? Who owns it? What is it then?

Hello reader,
I decided to write this because of some questions posed to me by some followers of this blog and it is all about the Ghana Stock Exchange. "Is the Ghana Stock Exchange a company?" she asked, If it is a company then who owns it and what do they do? If not a company then what is it?
Just like a market for trading fish, tomatoes, yam and other products, the Ghana Stock Exchange is a platform for trading securities (shares, bonds, futures, etc). Sellers bring their products and buyers come to buy. But because there are a lot of sellers and buyers, they are represented on the Exchange by Licensed Dealing Members (LDMs), (what people called Brokerage Firms or brokers). This means as a buyer or a seller, you cannot go to the exchange to buy or sell yourself (although some do).
The Ghana Stock Exchange plays a major role in securities industry regulation and is thus classified as a Self- Regulatory Organization. With respect to its numerous responsibilities, it simply monitors trading. It has Directors just like a company but the Securities and Exchange Commission oversees its regulation by making sure they do what they are supposed to do in the market and what is appropriate under the Security Industry Law (SIL)- the principal regulator.
When Public Limited Liability Companies want to raise capital for their business, the list shares on the exchange (that is, allowing people to own part of their company), so when investors study the company and find that the company is good and strong among other factors, they contact their brokers for them to make the trade - money, for part of the company. That is what the Ghana Stock Exchange oversees; that the right amount is paid and the ownership rights of part of the company is transferred to the name of the buyer or investor (in form of shares).
Finally, the Ghana Stock Exchange is privately financed and managed with the budget mainly financed by its members (LDMs and Associates) and issuer companies.