• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Fan Milk and Societe Generale Ghana lead trading on quiet day for Ghana Stock Exchange

2 years ago
in Business, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
GSE

GSE

66
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Fan Milk and Societe Generale Ghana lead trading on quiet day for Ghana Stock Exchange

The Ghana Stock Exchange experienced a relatively uneventful trading day recently, with the benchmark index, the GSE-Composite Index, remaining unchanged to close at 2,729.68 points. This represented a YTD change of 11.69%, indicating a relatively stable performance for the market so far this year. However, the GSE Financial Stocks Index also remained unchanged, closing the day at 1,758.28 points, reflecting a YTD return of -14.34%, highlighting the ongoing struggles of the financial sector in Ghana.

Despite the lack of significant movement in the indices, market capitalization held steady at GH¢68.16 billion, providing some level of reassurance to investors. However, it was a quiet day in terms of market activity, with a significant slowdown in both volume and value traded. A 98.35% fall in volume traded and a 98.77% dip in value traded were observed, as only 70,640 shares were traded, valued at GH¢64,627.40 across sixteen equities.

It is worth noting that there were no gainers or decliners on the trading day in question, with individual stock prices remaining relatively stable. This suggests that the overall market conditions were neither bullish nor bearish, which could be interpreted as a positive sign of stability.

Two companies dominated trading on the day, with Societe Generale Ghana PLC (SOGEGH) and Fan Milk PLC (FML) accounting for the majority of the total value traded. SOGEGH topped the trading chart, trading 26,276 shares, valued at GH¢16,291.12, representing 25.21% of the total value traded. Meanwhile, Fan Milk PLC traded 20,404 shares, valued at GH¢21,628.24, representing 33.47% of the total value traded.

While the market’s performance on this particular day may have been relatively unremarkable, it is crucial to recognize that financial markets can be unpredictable, and fluctuations can occur suddenly and significantly. As such, investors need to keep track of the broader economic and political factors that can affect stock prices and market performance in Ghana.

The performance of the financial sector, in particular, remains a cause for concern, with the GSE Financial Stocks Index reflecting a negative YTD return. This underlines the ongoing challenges that the sector is facing, including regulatory issues and the impact of the COVID-19 pandemic.

RelatedPosts

Bright Simons Questions Policy Rationale Behind Communications Minister’s Demand for 30% DSTV Price Cut

Public Transport Fares to Rise by 20% From August 8 

Shipping Giant, Maersk ends Direct US Trade Route to Africa’s Largest Economy

Overall, despite the quiet trading day on the Ghana Stock Exchange, investors should remain vigilant and keep an eye on market developments as they unfold. The long-term outlook for the market will depend on a wide range of factors, including the global economic recovery, the political situation in Ghana, and developments in the financial sector, among others.

Tags: Fan MilkFan Milk and Societe Generale Ghana lead trading on quiet day for Ghana Stock ExchangeGSEGSE-CIGSE-FSISociete Generale
No Result
View All Result

Highlights

Africa’s Biggest Stock Exchange Considers Extending Trading to 24 Hours

Lewis Hamilton’s Future at Ferrari in Question After Tough Hungarian GP

Transfer DealSheet: Latest on Benjamin Sesko, Nicolas Jackson and More

Gov’t Targets 650,000 Tonnes of Cocoa Production for 2025/26 Crop Season, Eyes 1 Million Tonne Output in the Long-term 

Shoprite to Exit Ghana and Malawi Sharpening Focus on Core South African Market

Gold Fields Forecasts Total Gold Production of 2.4 Million Ounces for 2025

Trending

Features

Bright Simons Questions Policy Rationale Behind Communications Minister’s Demand for 30% DSTV Price Cut

August 5, 2025

Bright Simons Questions Policy Rationale Behind Communications Minister’s Demand for 30% DSTV Price Cut Renowned public policy...

Public Transport Fares to Rise by 20% From August 8 

August 5, 2025

Shipping Giant, Maersk ends Direct US Trade Route to Africa’s Largest Economy

August 5, 2025

Africa’s Biggest Stock Exchange Considers Extending Trading to 24 Hours

August 5, 2025

Lewis Hamilton’s Future at Ferrari in Question After Tough Hungarian GP

August 5, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.