A favorable investment climate in the Ghanaian equity market and investor interest in some blue chips, helped the Ghana Stock Exchange returns to over 3,000 point level on Wednesday.
In the aggregate, 14 GSE listed equities participated in trading, ending with three gainers and no losers. Fan Milk Plc (FML) led the gainers with 9.7% share price appreciation closing at GHS 1.81 per share, followed by Unilever Ghana (+9.46%) and Guinness Ghana Breweries (+6.75%).
FML closed its trading day (Wednesday, September 6, 2023) at GHS1.81 per share on the Ghana Stock Exchange (GSE), recording 16 pesewas gain over its previous closing price of GHS1.65.
However, Fan Milk began the year with a share price of GHS3.00 but has since lost 39.7% off that price valuation, ranking it 37th on the GSE in terms of year-to-date performance. Shareholders’ fears may be allayed by the 37% increase of FML share price since August 9, which is second best on GSE.
Unilever Ghana Limited (UNIL) also closed its trading day (Wednesday, September 6, 2023) at GHS8.10 per share on the Ghana Stock Exchange (GSE), recording GHS0.70 gain over its previous closing price of GHS7.40.
Unilever began the year with a share price of GHS3.88 and has since gained 109% on that price valuation, ranking it third on the GSE in terms of year-to-date performance. Shareholders can be optimistic about UNIL knowing the stock has accrued 30% over the past four-week period alone—fourth best on GSE.
Unilever Ghana is the 17th most traded stock on the Ghana Stock Exchange over the past three months (Jun 8 – Sep 6, 2023). UNIL has traded a total volume of 42,950 shares valued at GHS 320,194 over the period, with an average of 682 traded shares per session. A volume high of 26,725 was achieved on September 1 for the same period.
Guinness Ghana Breweries Completes Gainers Table
Guinness Ghana Breweries Limited (GGBL) completed the list of gainers, closing its trading day at GHS2.69 per share on the Ghana Stock Exchange (GSE), recording 17 pesewas gain over its previous closing price ofGHS 2.52. Guinness Ghana Breweries began the year with a share price of GHS2.05 and has since gained 31.2% on that price valuation, ranking it fifth on the GSE in terms of year-to-date performance.
Despite some equities selling towards the end, the benchmark GSE Composite Index (GSE-CI) climbed 10.55 (0.35%) points to close at 3,064.23 points. Unfortunately, this represents a 1-week loss of 1.14%, a 4-week loss of 1.33%, but an overall year-to-date gain of 25.38%.
On the other hand, the absence of financial stocks on the gaining table led to the GSE Financial Stocks Index (GSE-FSI) maintaining its value at 1,755.03 points, making it a 1-week gain of 0.57%, a 4-week gain of 1.54%, and a year-to-date loss of 14.5%.
At the end of Wednesday’s trading session, a total of 84,240 shares, corresponding to a market value of GHS 236,344.24, were traded. Compared with the previous GSE trading day (Tuesday, September 5), the data showed 72% improvement in volume and 210% improvement in turnover.
MTN Ghana recorded the highest volume of 33,842 traded shares, followed by Guinness Ghana Breweries (31,000), Unilever Ghana (11,000) and Fan Milk (4,200).