GSE: FanMilk records lion share of trade; posts 333% YTD returns in stock price
FanMilk Plc (FML) recorded the lion’s share of trades as it accounted for 91.8% of the total value traded on the Ghana Stock Exchange (GSE) for the second day in a row.
A total of 279,880 shares valued at GH¢1,075,960.48 exchanged hands in twelve (12) equities at the end of Wednesday’s trading session.
CAL Bank Plc (CAL) and Societe Generale Ghana (SOGEGH) emerged as the second and third most traded equities on the stock market on Wednesday, recording 21,730 and Ghs 16,732.10; 20,000 and Ghs 24,000 in total volume and value traded respectively.
A 9.86 percentage points appreciation in FanMilk’s stock price resulted in a YTD return of 333.33 percent for equity holders on Wednesday. The stock closed trading session at a price of Ghs 4.68 pesewas.
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Meanwhile, the benchmark GSE Composite Index (GSE-CI) gained 4 points to close trading at 2,874.98 translating into a YTD return of 48.07%.
The GSE Financial Stock Index (GSE-FSI) however dipped by 2.89 points to close at 2,052.31 points translating into a YTD of15.12% due to a price drop of 4% in SOGEGH to close at GH¢1.20.
The stock market’s capitalization was however, up by GH¢41.89 million to close trading at GH¢64.38 billion representing a YTD growth of 18.40% in 2021.
Peruse details of equity report below:
Daily Equity Market Report_06.10.2021 by Fuaad Dodoo on Scribd
