OCT 20, 2018: DULL WEEK AT GHANA STOCK EXCHANGE.

Last week ended Friday October 19, 2018 was rather a dull one, if not depressing, at the Ghana Stock Exchange as decline was all there was except on Wednesday October 17.

The Ghana Composite Index went down 0.08% to 2974.02 compared to 1.71% rise to 3006.86, the previous week just as traded volume tumbled by 40.2% to 840,145 shares from 1.405m previously.

Indeed, the surprise was that the GCI closed down marginally because price drops dotted each day except Thursday when SIC Insurance lone ranged with GHs 0.02 per share gain and Wednesday when all but 1 out of 4 price changes were gains.

Even then, SIC still ended the week firm on previous week's price because it simply gained the GHs 0.02 it shed earlier on Tuesday and Access Bank ended GHs 0.03 per share down despite gaining GHs 0.47 on Wednesday since it lost GHs 0.50 per share the next day.


Top decline was by Total Ghana with GHs 0.71 per share decline it shed on Thursday and closed the week with.

This was followed by Republic Bank down GHs 0.18 per share on Monday which it was unable to recoup till close of the week.

MTN Ghana helped drag the GCI down as it ended GHs 0.01 per share down from shedding GHs 0.01 on Monday and Tuesday before gaining the same amount on Wednesday.

Hence, the GCI went down each day of the 5 day week except on Wednesday when it closed at 2997.90 compared to 2961.20 on Tuesday.


Traded volume was indeed comparatively low with 2 days, Friday and Wednesday being rather dry.

On Wednesday only 64,922 shares were traded and on Friday, just 16,484 were sold. Top trade was recorded on Thursday as 314,350 shares changed hands followed by Tuesday (294,308 units) and Monday with 150,081 shares.

MTN Ghana led traded volume as it witnessed deals for 383,300 shares followed by GCB with 102,400 shares and Access Bank in which 101,100 changed hands within the week.

GHANA COMPOSITE INDEX

Friday October 19 2018:   2974.02
Thursday                             2975.28
Wednesday.                        2997.90
Tuesday.                              2961.20
Monday                                2976.53
Friday 12/10/2018.            3006.86

TRADED VOLUME 

Friday 19/10/2018.          16,484
Thursday.                         314,350
Wednesday.                       64,922
Tuesday.                           294,308
Monday.                            150,081


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