AUG. 11, 2018: LAST WEEK AT GHANA STOCK EXCHANGE





The Ghana Stock Exchange was less active in terms of trade in the week ended August 10, 2018 but relatively very active in terms of price making.

Traded volume for the week was 1.706m shares, down 35.6% on the previous week's 2.773m but the composite index closed 0.29% up at 2944.38 compared to 2935.77 previously.

Leading daily volume was recorded on Friday August 10 ss 825,120 shares changed hands followed by Wednesday's 611,380 shares.

Trading was also more spread out amongst listed companies on Friday as 18 witnessed deals led by Ghana Commercial Bank in which 249,600 units changed hands andTotal Ghana with deals for 187,900 units.

In the end, however, CAL Bank paced all week volume with 413,700 shares sold followed by Ghana Commercial Bank (280,900 shares); Ecobank Ghana with 262,600 units and Total Ghana with 250,000.

As for the composite index, like in the case of Nairobi stock market, it started the week down on Monday then rose daily for 3 days before closing down again on Friday.

The last 3 days of the week were relatively very active in terms of price discovery with Wednesday and Thursday dominated by gains and Friday recording the opposite.

In particular, Ghana Oil lost GHs 0.24 per share on Friday while witnessing deals for 105,500 shares to end up leading price drops for the week with GHs 0.25 per share decline to GHs 3.70 per share. Even at that, it closed on offer at that price without additional matching bids.

Amongst the top 5 price drops within the period, Standard Chartered Bank trailed Ghana Oil with GHs 0.06 per share decline after going down GHs 0.07 per share on Friday to close the week at GHs 25.99 per share. It had earlier recorded deals at GHs 26.06 per share same day.

On the other hand, Total Ghana led all week gains by rising 3 times within the week for a cumulative GHs 0.15 per share rise followed by the pair of Ecobank Ghana and Enterlrise Group with GHs 0.05 per share gains each.

GHANA COMPOSITE INDEX

Friday 10/8/2018.         2944.38
Thursday.                       2945.16
Wednesday.                   ,2942.81
Tuesday.                         2940.98
Monday.                         2936.71
Friday 3/8/2018.          2935.77

TRADED VOLUME:

Friday 10/8/2018.          825,120
Thursday.                        186,059
Wednesday.                    611,380
Tuesday.                         126,232
Monday.                            38,136

TOP 5 VOLUME

CAL Bank.                               413,700
Ghana Commercial Bank     280,900
Ecobank Ghana.                    262,600
Total Nigeria                          250,800
Ecobank Transnational.      228,300

TOP 5 GAINS GHs per share

Total Ghana.                     0.15
Ecobank Ghana.               0.05
Enterprise Group               0.05
Ecobank Transnational.   0.04
Societe Generale               0.01

TOP 5 DROPS. GHs per share

Ghana oil.                             -0.25
Standard Chartered bank. -0.06
Ghana Commercial Bank. -0.05
SIC Insurance.                     -0.05
CAL Bank.                            -0.03


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