After another session of ups and downs within a narrow range, Fan Milk Ghana (FML) and Guinness Ghana Breweries (GGBL) came to the rescue with over 9 percent share price appreciation on Monday, October 4, 2021 to lift the Ghana Stock Exchange (GSE) to make some gains.
At the end of the first weekday of trading on the Ghana Stock Exchange (GSE), a total of 307,668 shares, corresponding to a market value of GHS 615,364.97, were traded. Compared with the previous GSE trading day (Friday, October 1), Monday’s data show 87% decline in turnover.
Eleven GSE equities participated in last trading session, ending with two gainers and no losers as the rest of the equities traded flat. The two gainers were Fan Milk (+9.92%) and Guinness Ghana Breweries (+9.7%).
Gainers in Last Trading Session
FML closed its last trading day (Monday, October 4, 2021) at GHS3.88 per share on the Ghana Stock Exchange (GSE), recording a 9.92 percent gain over its previous closing price of GHS3.53. Fan Milk began the year with a share price of GHS1.08 and has since gained 259 percent on that price valuation, ranking it first on the GSE in terms of year-to-date performance. Shareholders can be optimistic about FML knowing the stock has accrued an outstanding 135 percent over the past four-week period alone—best on GSE.
However, Fan Milk is the ninth most traded stock on the Ghana Stock Exchange over the past three months (Jul 5 – Oct 4, 2021). FML has traded a total volume of 803,970 shares valued at GHS 2.13 million over the period, with an average of 12,761 traded shares per session. A volume high of 210,000 was achieved on September 23, for the same period.
On the other hand, GGBL also closed its last trading day (Monday, October 4, 2021) at GHS1.81 per share on the Ghana Stock Exchange (GSE), recording a 9.7 percent gain over its previous closing price of GHS1.65. Guinness Ghana Breweries began the year with a share price of GHS0.90 and has since gained 101 percent on that price valuation, ranking it second on the GSE in terms of year-to-date performance.
GGBL stock has since accrued 21 percent over the past four-week period alone—third best on GSE.
Guinness Ghana Breweries is the 10th most traded stock on the Ghana Stock Exchange over the past three months (Jul 5 – Oct 4, 2021). GGBL has traded a total volume of 799,540 shares valued at GHS 1.3 million over the period, with an average of 12,691 traded shares per session. A volume high of 502,000 was achieved on September 17, for the same period. GGBL has traded a total volume of 799,540 shares valued at GHS 1.3 million over the period, with an average of 12,691 traded shares per session. A volume high of 502,000 was achieved on September 17th for the same period.
Again, Guinness Ghana Breweries recorded the highest volume of 78,492 traded shares, followed by MTN Ghana (75,341), Fan Milk (62,700) and CAL Bank (40,883).
Benchmark Index
Moreover, the benchmark index of the Ghana stock market posted minor gains on Monday as general index climbed 8.59 points, adding just 0.3 percent to Friday’s 2858.17 points to close at 2,866.76 points. This represents a 1-week gain of 6.05%, a 4-week gain of 4.11%, and an overall year-to-date gain of 47.65%.
The GSE Financial Stocks Index (GSE-FSI) maintained its value at 2,055.20 points, making it a 1-week gain of 2.3%, a 4-week gain of 6.5%, and a year-to-date gain of 15.28%.
The current market capitalization of the Ghana Stock Exchange is GHS 64.3 billion.
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