• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, October 1, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Fan Milk Stocks Drag Ghana Stock Exchange; Composite Index Falls by 0.14%

Stephen M.Cby Stephen M.C
October 28, 2021
Reading Time: 3 mins read
Stephen M.Cby Stephen M.C
in Securities/Markets
0
GSE Bull Run: Market Capitalization Hits GHS 140 Billion

Ghana’s main stock index fell on Wednesday, October 27, as Consumer Goods sector shares lost its footing as a result of Fan Milk PLC shares prices that slumped at the end of the trading session, while investors eagerly await the Finance Minister’s budget reading next month, November.

The Ghanaian equities market began the new trading day of Wednesday on a bearish note as sell pressure on Fan Milk PLC worsened, subsequently driving negative performance as the Ghana Stock Exchange Composite Index (GSE-CI) slid by 4.11 points to close at 2,851.90 points; formerly, the GSE Composite Index stood at 2856.01 points, representing a 0.14 per cent lost.

It is worth noting that Fan Milk Ghana Limited ( FML) closed its trading day (Wednesday, October 27, 2021) at GHS4.50 per share on the Ghana Stock Exchange (GSE), recording a 10 percent drop from its previous closing price of GHS5.00. Interestingly, Fan Milk began the year with a share price of GHS1.08 and has since gained 317% on that price valuation, ranking it first on the GSE in terms of year-to-date performance. Having this impressive performance in sight, shareholders can be optimistic about FML, knowing the stock has accrued an outstanding 54% over the past one month period alone—second best on GSE.

RelatedPosts

Fan Milk Sweetens Market with 1.13% Surge Despite GSE’s Bleak Turnover Drop

SEC Ghana Targets Forex Fraud with Upcoming Regulatory Guidelines

Ghana Stock Exchange Maintains 4-Week Upward Momentum

Fan Milk is the fifth most traded stock on the Ghana Stock Exchange over the past three months, dating from July 29, 2021 to October 27, 2021. Fan Milk Limited has traded a total volume of 1.28 million shares valued at GHS 4.58 million over the period, with an average of 20,326 traded shares per session. A volume high of 210,951 was also achieved on October 6, for the same period.

Gainers

However, a late comeback move from Benso Oil Palm Plantation (BOPP) which gained 9.09 percent and Total Petroleum Ghana which also appreciated by 0.2 percent have limited the impact of lost the Ghana Stock Exchange suffered from Fan Milk PLC, though not enough prevent the GSE-CI from crossing the red zone.

BOPP closed its trading day (Wednesday, October 27, 2021) at GHS4.80 per share on the Ghana Stock Exchange, recording a 9.09 percentage gain over its previous closing price of GHS4.40.

On the other hand, TOTAL Petroleum Ghana Limited also closed its trading day (Wednesday, October 27, 2021) at GHS5.02 per share on the Ghana Stock Exchange (GSE), recording a 0.2 percentage gain over its previous closing price of GHS5.01.

According to Wednesday’s market report, the level of trading activity declined as volume and value traded fell.

At the end of Wednesday’s trading session on the Ghana Stock Exchange (GSE), a total of 70,436 shares, corresponding to a market value of GHS 107,157.65, were traded. Compared with the previous GSE trading day (Tuesday, October 26), Wednesday’s data show 74 percent decline in volume and 67 percent decline in turnover.

Volume Leaders

The most traded stocks by volume were Republic Bank Ghana, MTN Ghana and Fan Milk Ghana. Republic Bank Ghana recorded the highest volume of 30,000 traded shares, toppling MTN Ghana from the top position in the process. Meanwhile, it was followed by MTN Ghana (26,090), Fan Milk (5,300) and Benso Oil Palm Plantation (4,319).

Moreover, the GSE Financial Stocks Index (GSE-FSI) maintained its value at 2,082.12 points, while the market capitalization declined by GHS100 million. The current market capitalization of the Ghana Stock Exchange stands at GHS 64.1 billion.

READ ALSO: Employers are Required to pay Medical Expenses of Employees – SIC

Tags: Fan Milk GhanaGhana Stock ExchangeGSE-CI
Please login to join discussion
Previous Post

It would’ve been better to ask MPs to vote secretly- Emmanuel Anyimadu

Next Post

“Eat less food until 2025”- Kim Jong Un orders starving North Koreans

[mc4wp_form id="1264"]

Related Posts

President John Dramani Mahama
General News

Beyond US Visa Restriction Reversal: Ghana Moves to Renegotiate 15% Tariff and Secure AGOA Renewal

October 1, 2025
President John Dramani Mahama
General News

Mahama Commissions New Ambassadors, Demands High Standards of Service

October 1, 2025
Vance Signals US Indifference To India-Pakistan Conflict
USA

Vance Warns Of Layoffs If Shutdown Drags On

October 1, 2025
Vendor Engagement Seminar
Extractives/Energy

GNPC Hosts Maiden Vendor Engagement to Boost Local Content 

October 1, 2025
AI Apps to Transform Senior High School Education
General News

AI Apps to Transform Senior High School Education

October 1, 2025
Morocco Youth Protests Escalate Into Nationwide Unrest
Africa

Morocco Youth Protests Escalate Into Nationwide Unrest

October 1, 2025
President John Dramani Mahama
General News

Beyond US Visa Restriction Reversal: Ghana Moves to Renegotiate 15% Tariff and Secure AGOA Renewal

by Evans Junior OwuOctober 1, 2025
President John Dramani Mahama
General News

Mahama Commissions New Ambassadors, Demands High Standards of Service

by Evans Junior OwuOctober 1, 2025
Vance Signals US Indifference To India-Pakistan Conflict
USA

Vance Warns Of Layoffs If Shutdown Drags On

by Comfort AmpomaaOctober 1, 2025
Vendor Engagement Seminar
Extractives/Energy

GNPC Hosts Maiden Vendor Engagement to Boost Local Content 

by Prince AgyapongOctober 1, 2025
AI Apps to Transform Senior High School Education
General News

AI Apps to Transform Senior High School Education

by Silas Kafui AssemOctober 1, 2025
Morocco Youth Protests Escalate Into Nationwide Unrest
Africa

Morocco Youth Protests Escalate Into Nationwide Unrest

by Lawrence AnkutseOctober 1, 2025
President John Dramani Mahama
President John Dramani Mahama
Vance Signals US Indifference To India-Pakistan Conflict
Vendor Engagement Seminar
AI Apps to Transform Senior High School Education
Morocco Youth Protests Escalate Into Nationwide Unrest
[/vc_row_inner]

Recent News

  • Beyond US Visa Restriction Reversal: Ghana Moves to Renegotiate 15% Tariff and Secure AGOA Renewal
  • Mahama Commissions New Ambassadors, Demands High Standards of Service
  • Vance Warns Of Layoffs If Shutdown Drags On
  • GNPC Hosts Maiden Vendor Engagement to Boost Local Content 
  • AI Apps to Transform Senior High School Education
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.