FanMilk stock price falls 10%; the first in weeks of continuous price appreciation
Share price of FanMilk Plc declined by 10 percentage points on the stock market on Wednesday.
According to a report by SIC Brokerage on the equity, FanMilk lost Ghs 0.50 pesewas to close Wednesday’s trading at Ghs 4.50 representing a YtD return of 316.67%.
The recorded decline in the stock, is the first in several weeks of witnessed continuous price appreciation in the equity on the stock exchange.
Unlike FanMilk, two equities – Benso Oil Palm Plantation (BOPP) and Total Petroleum Ghana (TOTAL) – at the end of trading for Wednesday, recorded gains on the local bourse.
BOPP gained Ghs 0.40 to close trading at Ghs 4.80 followed by TOTAL which gained a pesewa to close at Ghs 5.02.
GAINERS & DECLINER
| Ticker | Close Price (GH¢) | Open Price (GH¢) | Change | YTD Change |
| BOPP | 4.80 | 4.40 | 9.09% | 140.00% |
| TOTAL | 5.02 | 5.01 | 0.20% | 77.39% |
| FML | 4.50 | 5.00 | -10.00% | 316.67% |
A total of 70,436 shares valued at Ghs 107,157.65 were traded between seven (7) equities with Scancom PLC. (MTNGH) recording the most trades and accounting for 29.2% of the total value traded.
TOP TRADED EQUITIES
| Ticker | Volume | Value (GH¢) |
| RBGH | 30,000 | 18,000.00 |
| MTNGH | 26,090 | 31,308.00 |
| FML | 5,300 | 23,850.00 |
| BOPP | 4,319 | 20,731.20 |
| GOIL | 1,995 | 3,391.50 |
The benchmark GSE Composite index (GSE-CI) at the close of trading slipped by 4.11 points to close trading at 2,851.90, translating into a YTD return of 46.88% as the highest gainer on the market.
The GSE Financial Stock Index (GSE-FSI) however, remained unchanged at 2,082.12 translating into a YTD return of 16.79%.
Peruse below details of the daily equity report by SIC Brokerage:
Daily Equity Market Report_27.10.2021 by Fuaad Dodoo on Scribd
