DEC 12, 2018: NEW PHASE AT GHANA. STOCK EXCHANGE

The Ghana Stock Exchange on Wednesday December 12, 2018 broke loose from the up today and down tomorrow trend that for a while provided window to near future.

The Ghana Composite Index decreased by 14.37 points to 2594.04 from Tuesday's 2608.41 although if most recent trend had held sway it would have closed up instead.

Back on the 4th of December, the GCI dropped to 2607.76 from 2645.35 the previous day. The next day, it had rallied to 2632.39 on to drop to 2608.42 on December 6, 2018.

It was from there it rose once more to 2612.42 by December 10 before dropping once again to 2608.42 by Tuesday. Hence, if all was well, another increase should have followed, not a decrease.

But decline it turned out as 3 all price changes recorded on Wednesday were drops. Access Bank paced with GHs 0.59 per share decline while witnessing last deal and closing at GHs 3.55 per share compared to GHs 4.14. A total of 1800 shares ended up being exchanged.

The other 2 with price drops went down GHs 0.01 per share. Ecobank Transnational Incorporated went down further after Tuesday's lone price change downwards.

While 4000 units of ETI shares were being traded, the last deal and closing price was GHs 0.17 per share as against GHs 0.18 on Tuesday.

Finally, Standard Chartered Bank was the other equity and it went down when just 70 shares were exchanged at GHs 20.25 per share  at which it also closed the day in contrast to GHs 20.26 previously.

After 2 days of ending with traded volume below 100,000 shares, the market on Wednesday closed with 189,492 shares being traded.

MTN Ghana topped the bill with 173,300 shares being exchanged at firm GHs 0.79 per share although offer price rose to GHs 0.8 by the day's end.

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