GSE: Cal Bank, FanMilk and PBC record losses on stock market
Stocks of Cal Bank, FanMilk and Produce Buying Company (PBC) traded less their opening stock prices at the end of trading session on Friday, January 14, 2021.
Stocks of Cal Bank, FanMilk and PBC declined by 1.25%, 5.75% and 33.33% respectively.
Closing stock prices of the three listed firms after the recorded losses in price were Ghs 3.95, Ghs 0.82 and Ghs 0.02 for Cal Bank, FanMilk and PBC respectively.
Opening stock prices for Cal Bank, FanMilk and PBC were Ghs 4, Ghs 0.87 and Ghs 0.03 respectively.
Meanwhile, stocks of the Trust Bank Gambia and Scancom Plc (MTNGh) gained in price ending Friday’s trading session with prices of Ghs 0.35 and Ghs 1.09 from opening prices of Ghs 0.34 and Ghs 1.07 respectively.
GAINERS & DECLINERS
| Ticker | Close Price (GH¢) | Open Price (GH¢) | Change | Y-t-D Change |
| TBL | 0.35 | 0.34 | 2.94% | 2.94% |
| MTNGH | 1.09 | 1.07 | 1.87% | -1.80% |
| FML | 3.95 | 4.00 | -1.25% | -1.25% |
| CAL | 0.82 | 0.87 | -5.75% | -5.75% |
| PBC | 0.02 | 0.03 | -33.33% | -33.33% |
Market capitalisation of the local bourse on the back of the price appreciation in TBL and MTNGh stocks increased by Ghs 205.87 million to close the week at Ghs 64.21 billion.
Benchmark GSE Composite Index (GSE-CI) at the close of the week improved by 19.67 points to close at 2,762.03 translating into a YTD return of -0.98%.
The GSE Financial Stock Index (GSE-FSI) on the other hand slipped by 5.09 points to close the week at 2,146.76 translating into a YTD return of -0.24%.
A total of 1.52 million shares valued at GH¢2.40 million traded during the week compared to 25.05 million shares valued at GH¢26.52 million which traded the previous week.
Scancom PLC. (MTNGH) recorded the most trades for a second week running as it accounted for 57.11% of the total value traded.
TOP TRADED EQUITIES
| Ticker | Volume | Value (GH¢) |
| MTNGH | 1,260,603 | 1,366,830 |
| ETI | 57,931 | 8,110 |
| CAL | 54,227 | 46,227 |
| SCB | 35,606 | 722,802 |
| GGBL | 27,928 | 50,270 |
Read report below:
Weekly Capital Market Report_week Ending 14.01.2022 by Fuaad Dodoo on Scribd
