AUG. 25, 2018: GAINS AND LOSSES EVEN AT GHANA STOCK EXCHANGE

At the Ghana Stock Exchange last week ended August 24, 2018, number of gainers (8) and price losers (7) almost evened out at 7 but the Composite index eased slightly by 0.1% to 2938.86.

It was a 4 day week and the GCI closed down in 3 trading days rising only on Wednesday August 22, from Monday's 2941.03 to 2944.87, the week's high.

On Friday, 6 price changes were recorded, 4 being drops paced by GHs 0.02 per share drop in Guinness Ghana as it rose after deals were struck at GHs 2.48 per share for 1100 shares.

GGBL opened at GHs 2.48 per share and after the deals, it closed at GHs 2.50 per share. However, offer price closed back at opening price but no more deals were recorded.

Top gain on Friday was recorded by Standard Chartered Bank as deals were sealed at GHs 26.50 per share before it closed at GHs 26.11 from GHs 26.0 previously.

Friday's traded volume was 548,790 shares which turned out to be all week daily high followed by Wednesday's 379,144 units.

Top 5 by volume for the week were Enterprise Group in which 454,700 shares changed hands; followed by Ecobank Ghana with 199,000 shares and CAL Bank 165,400 units.

The week's price gainers were paced by Access Bank with GHs 0.30 per share rise, trailed by Total Ghana up GHs 0.16 per share and Standard Chartered Bank with GHs 0.10 per share gain.

On the other hand, price losers were led by Fan Milk down GHs 0.10 per share; followed by Ghana Oil with GHs 0.05 per share decline and the pair of Ecobank Transnational and Guinness Ghana down GHs 0.02 per share each.

GHANA COMPOSITE INDEX:

Friday 24/8/2018.        2939.86
Thursday.                       2944.62
Wednesday.                   2944.87
Monday.                         2941.03
Friday 17/8/2018.        2942.89

TRADED VOLUME

Friday 24/8/2018.        548,790
Thursday.                       251,331
Wednesday.                   379,144
Monday.                         129,541

TOP 5 VOLUME

Enterprise Group             454,700
Ecobank Ghana.              190,000
CAL Bank.                         165,400
FAN MILK.                        151,000
Produce Buying co.           85,900

GAINS GHs

Access Bank.                      0.30
Total Ghana.                       0.16
Standard Chartered.          0.10
Ghana Commercial.          0.03
Ecobank Ghana.                O.02
Societe Generale               0.01
Trust Bank.                         0.01
Produce Buying co.           0.01

LOSERS:  GHs

Fan Milk.                      0.10
Ghana oil.                     0.05
Ecobank T I.                 0.02
Guinness Ghana.         0.02
Aluworks.                      0.01
Enterprise Group.         0.01
Sic Insurance.               0.01

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