Ghana Stock Exchange equities ended mixed on the first day of the month of October, paring earlier gains in the final day of September, as financial stocks lost steam and ended in slightly negative territory.
In the aggregate, 10 GSE equities participated in trading, ending with one gainer, namely Fan Milk, with 9.63 percent share price appreciation and also one loser, namely Mega African Capital Limited (MAC)(-9.87%).
Fan Milk Limited closed its last trading day (Friday, October 1, 2021) at GHS3.53 per share on the Ghana Stock Exchange (GSE), recording a 9.6 percent gain over its previous closing price of GHS3.22. Fan Milk Limited (FML) began the year with a share price of 1.08 GHS and has since gained 227% 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 114% over the past four-week period alone—best on GSE.
Fan Milk is the ninth most traded stock on the Ghana Stock Exchange over the past three months (Jul 2 – Oct 1, 2021). FML has traded a total volume of 741,270 shares valued at GHS 1.89 million over the period, with an average of 11,766 traded shares per session. A volume high of 210,000 was achieved on September 23, for the same period.
However, Mega African Capital Limited (MAC) closed its last trading day (Friday, October 1, 2021) at GHS5.39 per share on the Ghana Stock Exchange (GSE), recording a 9.87% drop from its previous closing price of GHS5.98. Mega African Capital began the year with a share price of GHS5.98 but has since lost 9.87 percent off that price valuation, ranking it 33rd on the GSE in terms of year-to-date performance. Mega African Capital is the 19th most traded stock on the Ghana Stock Exchange over the past three months (Jul 2 – Oct 1, 2021). MAC has traded a total volume of 38,305 shares valued at GHS 206,464 over the period, with an average of 608 traded shares per session. A volume high of 38,305 was achieved on October 1, for the same period.
At the end of the last weekday of trading on the Ghana Stock Exchange (GSE), a total of 4,629,165 shares, corresponding to a market value of GHS 4,873,064.72, were traded. Compared with the previous GSE trading day (Thursday, September 30), Friday’s data show 794 percent improvement in volume and 194 percent improvement in turnover.
CAL Bank recorded the highest volume of 3.93 million traded shares, followed by MTN Ghana (451,304), Ecobank Ghana (108,300) and Fan Milk (76,300).
Regarding the performance of GSE market indices, the benchmark GSE Composite Index (GSE-CI) inched up 2.88 points to close at 2,858.17 points, representing 0.1 percent. This translated into a 1-week gain of 6.73 percent, a 4-week gain of 3.89 percent, and an overall year-to-date gain of 47.21 percent.
In addition, the GSE Financial Stocks Index (GSE-FSI) maintained its value at 2,055.20 points, making it a 1-week gain of 2.45 percent, a 4-week gain of 6.5 percent, and a year-to-date gain of 15.28 percent.
The current market capitalization of the Ghana Stock Exchange stands at GHS 64.2 billion.
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