- Ghana Stock Exchange: Fan Milk Gains, CAL Bank Declines in Mixed Trading Session
The Ghana Stock Exchange (GSE) saw mixed trading activity at the close of the first weekday of trading, with one standout gainer and one notable loser among the 18 listed equities that participated.
At the end of the first weekday of trading (Monday, September 4 2023), a total of 28,216,528 shares exchanged hands on the GSE, amounting to a market value of GHS 38,090,388.30. The exchange’s current market capitalization stands at an impressive GHS 72.9 billion.
Fan Milk emerged as the star performer of the day, experiencing an 8.7% surge in its share price, while CAL Bank faced a setback with a 1.64% decline.
MTN Ghana took the lead in terms of trading volume, boasting a remarkable 28.2 million shares traded.
CAL Bank followed with 6,933 shares, Fan Milk with 5,452 shares, and Cocoa Processing Company with 1,369 shares.
In terms of market indices, the benchmark GSE Composite Index (GSE-CI) showed resilience, inching up 0.02% to close at 3,052.08 points.
Despite a 1-week loss of 0.55% and a 4-week loss of 2.03%, the GSE-CI continues to maintain a robust year-to-date gain of 24.89%.
On the other hand, the GSE Financial Stocks Index (GSE-FSI) experienced a slight decline, decreasing by 0.06% to reach 1,755.03 points.
Despite this day’s dip, the index has recorded a 1-week gain of 3.47% and a 4-week gain of 1.81. However, it has a year-to-date loss of 14.5%.
The Ghanaian stock market continues to showcase its resilience and attractiveness to investors, with individual equity performances driving overall market dynamics.
Traders will be closely monitoring these developments in the coming sessions as the GSE maintains its position as a key player in the region’s financial landscape.
