AUG 20, 2018: LAST WEEK AT GHANA STOCK EXCHANGE

At the Ghana Stock Exchange last trading week ended August 17,2018, traded volume was up 19.1% but the Composite Index which reflects price movement across the market was down 0.05%.

For the index, the whole week was virtually spent trying to recover from take off drop on Monday as the GCI dropped to 2897.67 from previous Friday's 2944.38.

On Tuesday, it started the path out of this week low by closing at 2905.57 then rose sharply on Wednesday to 2933.39 before barely topping more to end Thursday at 2934.39

Because of the size and still very shallow nature of the market since it is very much still emerging, leaps and dips in the index are easily dictated by price changes in one or two companies especially in the mining and banking sector.

Incidentally, that equally makes it easier to study, understand and make money from.

No day recorded great leaps in above 1m shares in traded volume but many days with above average total made a difference. Hence all week volume came to 2,033,074 shares, up 19.1% on previous week's 1,706,927.

Top daily trade was on Thursday August 16 with 540,270 units traded followed by 518,151 on Wednesday and 507,703 on Monday.

The week low was last Friday's 201,619.

Henates is unable to update on most active companies by trade and price because Thursday break down figures were not available to us.

On Friday, though, lead trade was witnessed by CAL Bank with deals for 100,000 shares at GHs 1.27 per share, up GHs 0.04 per share which also turned out to be 2nd highest price change.

All four price changes for the day were upwards led by GHs 0.10 per share increase by Ghana Commercial Bank as deals were struck for 3400 shares at GHs 5.30 per share.

Other price gainers were Standard Chartered Bank and Starwin Products each up GHs 0.01 per share.

The bond market was active too although no Friday trade figures were available as this post was being written. Top traded value here was Wednesday's GHs 152.355m followed by Tuesday's GHs 127.896m, Thursday's GHs 112.330m and finally GHs 88.279m on Monday.


COMPOSITE Index

Friday 17/8/2018:          2942.89
Thursday.                        2934.39
Wednesday.                    2933.39
Tuesday.                         2905.57
Monday.                         2897.67

TRADED VOLUME 

Friday 17/8/2018.   201619
Thursday.                 540270
Wednesday.             518151
Tuesday.                  265331
Monday.                   507703

BOND: M

Thursday 16/8/2018.     112.330
Wednesday.                     152.355
Tuesday.                           127.896
Monday.                              88.279


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