June 07, 2021 - BY Admin

GHANA STOCK EXCHANGE WEEK FROM 31/05/21

I WAS TAKING BY SURPRISE WHEN IN THE  LAST WEEK THE COMPOSITE INDEX OF THE GHANA STOCK EXCHANGE [GSE] JUMPED UP 117 POINTS WITHIN ONE DAY. FIRST I THOUG.HT IT WAS A PRINTING MISTAKE, BUT ON THE NEXT DAY IT WAS CLEAR THAT EVERYTHING WAS CORRECT . THAT BECAME ESPECIALLY CLEAR WHEN ON FRIDAY THE COMPOSTE GAINED ANOTHER 60 POINTS. SO FAR, SO GOOD...

NOW, SUCH A BEHAVIOUR OF A STOCK MARKET INDEX IS ANYTHING ELSE BUT HEALTHY.  FIRST, THE INDEX LOST A LOT OF POINTS WITHIN SOME WEEKS, THEN IT GAINED OVER 170 POINYS WITHIN 3 DAYS. SUCH A BEHAVIOUR SHOWS A LOT OF VOLATILITY, AND IF IT IS GOING ON LIKE THAT, INVESTORS MIGHT BECOME INSECURE. WE MUST WATCH THE COMPOSITE CLOSELY IN THE WEEKS TO COME TO ANALYSE WHETHER OR NOT THE COMPOSITE WILL SHOW LESS VOLATILITY.

ON THE OTHER HAND, THE FINANCIAL WAS MUCH MORE STABILE.  IT SHOWED A SLOW, BUT STEADY INCREASE IN VALUE, AND IS NOW SECURELY OVER THE 1,900 MARK. THIS SHOWS A LOT OF CONFIDENCE IN THE FINANCIAL MARKETS OF GHANA. I CAN CONFIDENTLY ADVISE INVESTORS TO PUT MONEY IN  DISTINGUISHED STOCKS OF THE FINANCIAL INDEX OF THE GSE.

STAY WITH RECKLING ENTERPRISE TO BE IMFORMED ABOUT THE DEVELOPMENT ON THE GHANA STOCK EXCHANGE.