August 09, 2021 - BY Admin

HIGH FLYING GHANA STOCK EXCHANGE [GSE]

THE GSE IS AMONG THE HIGH FLYING STOCK EXCHANGES THIS YEAR. WHILE THE FINANCIAL GAINED OVER 7 PERCENT YEAR-TO-DATE [YTD], THE COMPOSITE MOVED FORWARD A WHOPPING OVER 40 PERCENT YTD. 

 ALTHOUGH WE SHOULD NOT ASSUME THAT THE FINANCIAL MARKETS ARE A REFLECTION OF THE OVERALL  ECONOMY, THE PICTURE GIVES US A HINT WHETHER THE ECONOMY IS IN A POSITIVE OR NEGATIVE POSITION. WE CAN ASSUME THAT THE FINANCIAL MARKETS ARE AHEAD OF THE GENERAL ECONOMY IN THEIR DEVELOPMENT. THAT MEANS THAT IF THE FINANCIAL MARKETS SHOW A POSITIVE DEVELOPMENT, THE OVERALL ECONOMY WILL FOLLOW ON THEIR HEELS. WE CAN THEREFORE CONSEQUENTLY ASSUME THAT THE ECONOMY IS ON THE RIGHT PATH.

MANY PEOPLE WILL NOW SAY THAT THE ORDINARY PEOPLE DON'T  SEE THE "POSITIVE ECONOMY" IN THEIR POCKETS. HERE WE MUST RECOGNISE THAT IT USUALLY TAKES 2-4 YEARS UNTIL THE EFFECTS OF ECONOMICAL DECISIONS ARE FELT AMONG THE POPULATION. THIS IS ESPECIALLY THE CASE WITH POSITIVE DECISIONS. FURTHERMORE, WE MUST TAKE INTO CONSIDERATION THAT THE PANDEMIC DELAYS THE EFFECTS OF ECONOMIC PROGRAMMES CONSIDERABLY. THEREFORE, WE CAN EXPECT THAT UNDER NORMAL CIRCUMSTANCES, THE ECONOMY WILL FULLY RECOVER UNTIL THE END OF THE TERM OF THIS GOVERNMENT.

TOP GAINERS WERE UNILEVER AND TOTAL. UNILEVER IS A STOCK WHOSE PRODUCTS PEOPLE WILL BUY NO MATTER WHAT, BECAUSE THEIR PRODUCTS PEOPLE NEED IN THEIR EVERY DAY LIFE. TOTAL, SPECIALISED ON OIL PRODUCTS, SURELY BENEFITTED FROM THE HIGH OIL PRICE. THEIR PERFORMANCE ALSO SHOWS THAT THE INFLUENCE OF HIGHER FUEL PRICES IS NOT AS GREAT AS MANY PEOPLE THINK..

THE LOSER IS STAMDARD CHARTERED, BUT THAT DOES NOT REFLECT THE GENERAL SITUAYION OF THE FINANCIAL INDEX, AS WE CAN SEE FROM ITS PERFORMANCE LAST WEEK.

WE FROM RECKLING ENTERPRISE WILL CONTINUE TO MONITOR THE FINANCIAL MARKETS IN GHANA, AND KEEP YOU INFORMED REGULARLY.

STAY TUNED...