The dairy production and distribution company, Fan Milk Ghana Limited (FML) has returned an annual gain of 270.37 percent to its investors for the first time in 3 years.
For the past three successive years, Fan Milk Ghana Limited was losing steam, with its heaviest year to date loss to investors happening in 2019, where it posted -74 percent. Prior to 2019, the situation was not much different, as Fan Milk Limited made a loss of 49 percent. In 2018, it returned 55 percent loss to its investors as well.
Nonetheless, as investors continued to repose confidence in FML, it paid off when it ended the year with over 270 percent returns to investors. This made Fan Milk Ghana Limited the best performing stock on the Ghana Stock Exchange (GSE) in 2021 in terms of YTD.
Fan Milk Limited closed the year 2021 at a share price of GH¢4.40. Fan Milk began the year with a share price of GH¢1.08 and gained GH¢3.32 on that price valuation.
Over the past three months (Oct 6, 2021 – Jan 6, 2022), FML traded a total volume of 1.23 million shares, valued at GHS 5.25 million over the period, with an average of 19,531 traded shares per session. A volume high of 275,861 was achieved on December 29, 2021 for the same period.
FML’s stocks currently held by all of its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders, amounted to 116 million shares.
FML Market capitalization which is the total market value of the company’s outstanding shares of stock, and is calculated by multiplying the total number of the company’s outstanding shares by the current market price of one share, currently stands at GH¢465 million.
For the financial year, while FML was the lead gainer, Cocoa Processing Company (CPC) was the biggest loser with a loss of 33.33 percent. The current share price of Cocoa Processing Company Limited (CPC) is GH¢ 0.02.
Under the year in review, CPC traded a total volume of 65,077 shares, valued at GH¢ 1,302 over the period. It recorded an average of 1,033 traded shares per session for the past three months. A volume high of 46,700 was achieved on November 10, 2021.
GSE Closes on a Positive Note
The Ghana stock market closed the year on a positive note with the GSE Composite Index registering a year-to-date return of 43.66 percent. The benchmark GSE Composite Index (GSE-CI) again closed the year at 2,789.34 points.
The Ghana Stock Exchange Financial Sector Index (GSE-FSI) which has its constituents stocks from the financial sector, including those in the banking and insurance industries, on the other hand, ended the year with 2,151.85 points. The GSE-FSI ended the year with 20.7 return to investors.
Trading Activity on Last Trading Session
At the end of Thursday, January 6, 2022 trading session on the Ghana Stock Exchange (GSE) before the local bourse went on public holiday (Constitution Day), a total of 2,999,592 shares, corresponding to a market value of GHS 3,220,874.76 changed hands. Compared with the previous GSE trading day (Wednesday, January 5), Thursday’s data showed 24 percent improvement in volume and 33 percent improvement in turnover.
In the intervening time, eight GSE equities participated in trading. There were no gainers nor losers. MTN Ghana recorded the highest volume of 2.97 million traded shares, followed by CAL Bank (26,025), Ecobank Transnational (5,414) and Republic Bank Ghana (1,300).
The benchmark GSE Composite Index (GSE-CI) did not see any change on Thursday’s outing, closing at the same mark as it opened at 2,742.36 points.
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