GSE: Fan Milk adds 0.93% to investors capital
This weeks’ trading session commenced on the floor of the Ghana Stock Exchange (GSE) with eight listed equities participating
Trading on the floor of the Ghana Stock Exchange (GSE) ended on Monday (16 November) with Fan Milk (FML) emerging as the sole gainer and the most traded security.
With 116.21 million shares outstanding and a market capitalization of GHC125.5 million, it began this year at GHC 4.12 but has since lost 73.79% of this value.
However, as the only gainer by close of Monday’s trading session, it inched up by a pesewa (0.93%) to seal the day at GHC 1.08 from a previous price of GHC1.07 trading 378,600 shares.
MTN Ghana followed with 113,729 shares exchanging hands at GHC0.61. Standard Chartered Bank (SCB), CAL Bank and Ecobank Transnational Incorporated (ETI) traded 109,300, 4,000 and 2,600 each at GHC15.10, GHC0.70 and GHC0.08 respectively.
GCB Bank, Cocoa Processing Company (CPC) and Societe Generale (SOGEGH) traded below a thousand shares on the exchange. Hence a total of 610,411 shares, down by 62% comparing it to Friday’s total volume changed hands at a market value of GHC2,135,301.09.
Regarding the performances of the major indices on the GSE, the broader market index (GSE-CI) advanced marginally by 0.11 points (0.01) to close at 1,821.83 points and records a year-to-date decline of 19.29%.
Still with four-week loss of 2.41%, the Financial Stock Index (GSE-FSI) maintained its opening level of 1,623.20 points and its year-to-date return at -19.63%
The current GSE market capitalization shored up by GHC1.16 million (0.0022%) to GHC53,118 million from GHC53,117.57 million.
Bertha Atubiga
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