Fan Milk Leads Gains as Ghana Stock Exchange
The Ghana Stock Exchange (GSE) wrapped up yesterday’s trading session with a blend of activity, featuring a prominent gainer and a measured level of activity.
The exchange reported a total of 48,931 shares transacted, equating to a market value of GHS 76,313.10. At present, the GSE boasts a formidable market capitalization of GHS 72.9 billion.
Trading action revolved around 14 of the GSE-listed equities, with Fan Milk taking the spotlight as the standout performer, achieving a notable 10% surge in its share price.
Noteworthy trading volumes were recorded, with MTN Ghana leading the pack, tallying an impressive 35,293 shares traded.
Fan Milk followed closely with 7,001 shares, followed by Produce Buying Company with 4,000 shares, and TotalEnergies Marketing Ghana, which witnessed 850 shares changing hands.
In terms of market indices, the benchmark GSE Composite Index (GSE-CI) exhibited resilience, registering a modest uptick of 0.05% to conclude at 3,053.68 points.
Despite recent 1-week and 4-week losses of 0.67% and 1.59%, respectively, the GSE-CI continued to maintain its commendable year-to-date gain of 24.95%.
Conversely, the GSE Financial Stocks Index (GSE-FSI) remained stable, retaining its value at 1,755.03 points. This performance translates to a 1-week gain of 3.39% and a 4-week gain of 1.81%. Nevertheless, the index remains burdened by a year-to-date loss of 14.50%.
Yesterday’s trading session showcased the Ghanaian stock market’s innate resilience, captivating investors’ attention with distinct individual equity performances. Market participants and investors will keenly monitor these unfolding dynamics as the GSE continues to assert its prominence within the regional financial landscape.
