Republic Bank gains 4% in stock price on the local bourse
Republic Bank Ghana at the close of Thursday’s trading session witnessed a share price appreciation of four percent.
The stock’s opening price at the commencement of trading was Ghs 0.50 pesewas, however, due to the share price appreciation, it closed trading with a stock price of Ghs 0.52 pesewas.
GCB Bank (GCB) on the other hand, witnessed a decline in share price by 0.19 percent, losing a pesewa to close trading at Ghs 5.37.
As a result of the loss and gain in the two stocks, market capitalization of the local bourse improved marginally by Ghs 14.39 million to close trading at Ghs 64.09 billion representing a growth of 17.87% in 2021.
Also, the benchmark GSE Composite index (GSE-CI) at the close of day gained 1.37 points to close trading at 2,847.30 translating into a YTD return of 46.65%.
This comes after two successive days of losing points. The GSE Financial Stock Index (GSE-FSI) however continued its impressive performance this week as it gained a further 2.50 points to close trading at 2,068.91 points, also translating into a YTD return of 16.05%.
In all, a total of 104,767 shares valued at Ghs 385,045.74 exchanged hands in eleven (11) equities on Thursday as Fan Milk PLC. (FML) recorded the largest share of trades, accounting for 43.14% of the total value traded.
Read details of equity report by SIC Brokerage below:
