Market Analyst advises against GSE withdrawals | Business

Market Analyst advises against GSE withdrawals

Posted on: 2009-Jul-02 Joy FM

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Market Analyst Reverend Daniel Ogbame Tetteh is optimistic that serious decline the stock market is currently going through could improve by early next year.

The performance of the Stock Exchange from the beginning of the year till date has witness some beg off down by 48 per cent.

This has caused many investors, especially foreign ones, to pull out their investments.

However Reverend Ogbame told Joy Business the market should gradually exist the red zone with listed companies set to release half-year and third-quarter results.

The market analyst had some advice for investors wanting to pull out their investment due the challenges the Ghana Stock Exchange is currently going through.

“While there is a place for cutting your losses, investors mostly panic when they hear the stock market behaving the way it is behaving,” an attitude he said does not hold good prospects for businesses listed on the bourse.

He said investors must avoid becoming jittery in the event of short-term fluctuations.

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