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GHANA STOCK EXCHANGE: COMPOSIT...

July 10, 2023 - BY Admin

GHANA STOCK EXCHANGE: COMPOSITE IN FOURTH GEAR, FINANCIAL IS PARKING

THE LAST WEEK ON THE GHANA STOCK EXCHANGE (GSE) GAVE AN AMBIVALENT PICTURE: WHILE THE COMPOSITE RUSHED FORWARD - ESPECIALLY ON THE LAST DAY OF THE WEEK, WHEN IT GAINED OVER 140 POINTS - THE FINANCIAL WAS MORE OR A LESS ON A STAND STILL.

THERE MIGHT BE CERTAIN REASONS FOR THAT. WHILE BONDS ARE QUITE RISKY AT THE MOMENT (BASICALLY YOU DON'T KNOW WHETHER YOU GET INTEREST OR NOT - PROBABLY NOT), STOCKS SEEM TO BE SOME KIND OF ALTERNATIVE FOR INVESTORS.

ON THE OTHER HAND, BANKS AND THE REST OF THE LENDING INDUSTRY ARE SURELY AFFECTED BY THE CURRENT ECONOMICAL SITUATION. PEOPLE DO NOT HAVE MUCH MONEY TO DEPOSIT IN THE BANKS, AND TO TAKE A LOAN SEEMS TO BE A QUITE RISKY VENTURE, BECAUSE ENTREPRENEURS ARE UNCERTAIN ABOUT THE FUTURE FOR THEIR MICRO AND SMALL BUSINESSES. AS A CONSEQUENCE, THE SITUATION FOR THE BANKING SECTOR IS ALSO SOME KIND OF DOUBTFUL.

IN THESE TIMES IT IS VERY HARD TO PREDICT HOW THE FINANCIAL MARKETS WILL DEVELOP IN THE NEAR-TO-MEDIUM TERM FUTURE. THE BEST THING YOU CAN DO IS TO STICK TO RECKLING ENTERPRISE FOR ITS WEEKLY REVIEW.

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