Fan Milk Ltd (FML) hits year high amid low turnover

The GSE-Composite Index recorded its fourth win in four trading days, following positive returns on FML. The index closed trading 3.63 points higher at 1,771.47 points. The year-to-date return is -11.20%.

A 0.07% dip in Standard Chartered Bank (SCB) forced the GSE financial stock index down 0.29 points, closing at 1,656.27 points from 1,656.56 points.

A total of 0.04 million share exchanged with a corresponding trade value of GHS0.01 million. The turnover and trade value was 66.53% and 82.30% less than the previous session’s volume and value respectively. CAL chalked up 39.64% of the traded volume whereas FML dominated in terms of value traded, accounting for 55.05% of the trade value.

FML gain more ground, climbing to a year-high of GHS8.00 from GHS7.82.

Courtesy: CBL

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