DEC 14, 2018: GHANA STOCK EXCHANGE STILL DOWN

Aside from a rally on Monday that perhaps raised some hopes, the week ended Friday December 14, 2018 still heading down.

The Ghana Composite Index had risen to 2612.42 on Monday, as MTN Ghana closed GHs 0.01 per share up, it dropped every day from then till Friday when it closed at 2569.95, down 5.84% on Thursday's 2575.79.

It was inevitable as all 4 price changes recorded were downwards led by Standard Chartered Bank with GHs 0.22 per share as it recorded its last deal at GHs 20.03 per share before closing at GHs 20.01 per share compared to GHs 20.23 the previous day. In the end, 6110 units were traded.

Fan Milk ltd ended with GHs 0.08 per share drop along the same lines. Of the leading 39,900 shares traded in FML the last deal was at GHs 8.7 per share only to close at GHs 8.72 per share, compared to GHs 8.8 previously.

In the case of Republic Bank Ghana, the GHs 0.02 per share drop was straight forward as it closed at last deal price of GHs0.68 per share as 7100 shares were traded. Bid price however, closed at GHs 0.6 per share.

Finally, Ghana Commercial Bank ended the day down GHs 0.01 per share but it was shed after deal for 400 units was at GHs 4.79 per share before closing at GHs 4.78 per share.

Traded volume at 148,100 shares was the week's 2nd highest trailing 876,220 on Thursday but certainly, way ahead of below 100,000 each day previously.

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