Fan Milk records 21 pesewas share price increase on Thursday
On Thursday’s trading session on the Ghana Stock Exchange (GSE), Fan Milk PLC (FML) emerged as a notable gainer, adding GH¢0.21 to its share price, settling at GH¢3.25.
Conversely, Republic Bank (Ghana) PLC (RBGH) faced a modest setback, shedding GH¢0.02 to close at GH¢0.48 per share.
The aggregate market capitalization of the GSE experienced a marginal uptick, edging up by 0.01% to GH¢73.89 billion. Despite a 70.03% contraction in trading volumes, the market saw a robust surge of 228.84% in traded values, underscoring heightened activity in select counters.
Trading was dominated by TOTAL, accounting for a significant chunk with 376,647 shares exchanging hands, valued at GH¢3,389,823.00. GCB trailed with 221,751 shares, realizing a transactional value of GH¢753,953.40. Other active counters encompassed MTNGH, CAL, and ACCESS, rounding off the top quintile of the day’s trading leaders.
The benchmark GSE-Composite Index registered a modest ascent, concluding at 3,130.23, marking a 0.67-point uptick. This performance delineates a commendable year-to-date return of 28.08%, spotlighting the market’s resilience amidst prevailing economic dynamics.
Conversely, the GSE Financial Stocks Index contracted by 2.96 points to settle at 1,901.57 points. The index’s year-to-date performance reflects a downturn, culminating in a negative return of -7.36%, reflecting sector-specific challenges and investor apprehensions.
