NOV 26, 2018: TRICKLES AT GHANA STOCK EXCHANGE

Trade was definitely at its lowest on Monday November 26 at the Ghana Stock Exchange with everything in trickles.

Traded volume almost dried up closing at 29,920 shares compared to 987,544 shares dealt in on Friday.

There were only 3 companies with deals 2 of which ended with price change upwards leading to a marked rise in the Ghana Composite Index to 2667.33 from 2639.75 on Friday.

Some how, though this GCI rally reminded of Monday last week when there was also increase in the index raising hopes of more market optimism which did not materialise. For the rest of the week, it was down all the way.

The main traded volume for the day was recorded by Access Bank in which 25,000 shares were traded. The last deal was recorded at GHs 4.1 per share but Access closed the day at GHs 4.08 per share.

At this level, Access shed GHs 0.18 per share when compared to GHs 3.9 per share closing price on Friday. 

The other price gainer was MTN Ghana which was fined recently by the Ghana National Communication Authority. MTN closed and recorded last deal at GHs 0.82 per share, up GHs 0.02 per share  compared to GHs 0.8 previously.

The other company with deal during the day was Standard Chartered Bank with 2520 shares exchanged while staying firm at GHs 20.18 per share.

However, SCB offer and bid price ended at GHs 20.32 and 20.18 per share respectively indicating the struggle to increase price per share.

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