FanMilk continues decline in share price for second day running
FanMilk PLC. (FML) declined in share price for the second day in a row as it lost GHS 0.35 to close at GHS 3.22 from an opening stock price of GHS 3.57.
A further decline by 9.80 percentage points.
The stock on Wednesday, January 26 – yesterday – declined in share price by some 9.52% falling from a share price of GHS 3.95 and ending trading session at GHS 3.57.
The equity on the back of the share price loss on Tuesday, posted a year-to-date share price loss of 10.75%.
With the decline in share price for the second day, the equity’s year-to-date decline has worsened to 19.50%
DECLINER
| Ticker | Close Price (GH¢) | Open Price (GH¢) | Change | YTD Change |
| FML | 3.22 | 3.57 | -9.80% | -19.50% |
On the back of the decline in FanMilk, the benchmark GSE Composite Index (GSE-CI) declined by 3.88 points at the third trading day of the week to close at 2,781.42 representing a YTD return of-0.28%.
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The GSE Financial Stock Index (GSE-FSI) however remained flat to close trading at 2,154.03 translating into a YTD return of 0.10%.
As a result, market capitalization shed GHS 40.67 million to close at GHS 64.41 billion.
Meanwhile, a total of 3,283,919 shares valued at GHS 3,705,186.50 were traded in six (06) equities compared to 124,661 shares valued at GH¢245,319.99 which changed hands on Tuesday.
Scancom PLC. (MTNGH) recorded the lion’s share of trades as it accounted for 97.9% of the total value traded on the day.
TOP TRADED EQUITIES
| Ticker | Volume | Value (GH¢) |
| MTNGH | 3,269,060 | 3,628,656.60 |
| FML | 10,000 | 32,200.00 |
| EGH | 1,949 | 14,812.40 |
| GCB | 1,575 | 8,253.00 |
| SCB | 930 | 18,879.00 |
Peruse equity report below:
Daily Equity Market Report_26.01.2022 by Fuaad Dodoo on Scribd
