DEC 17, 2018: VOLUME LEAP, INDEX DOWN AT GHANA SE.

At the Ghana Stock Exchange, Monday December 17, 2018 traded volume started the new week on a high note but the Ghana Composite Index continued downwards.

Traded volume hit above 1m shares that it never clocked all through the previous week's trading days with great push by deals in MTN Ghana's shares.

A total of 1.758m shares were traded compared to 148,100 units on Friday  and against all week high of 876,220 shares traded on Thursday, December 13.

Out of this, MTN Ghana, while closing firm, accounted for 1.685m at GHs 0.78 per share  although wide gap between closing offer price (GHs 0.79) and bid price (GHs 0.75) did not allow for more deals to be sealed.

The GCI closed the day at 2543.40, down 26.55 points on Friday's 2569.95 principally as all 3 price changes recorded downwards.

Two banks were amongst the price losers led by Standard Chartered Bank down GHs 0.81 per share as 3040 of its shares were traded at opening GHs 20.01 per share before it crashed to close at GHs 19.2 per share. More deals in SCB could have been struck but closing offer price was back to GHs 20.01 while bid stayed at GHs 19 per share.

The other bank was Ecobank Transnational Incorporated down GHs 0.02 per share as just 100 of its shares were traded at GHs 0.15 compared to Friday's GHs 0.17 per share.

The non bank price loser was Fan Milk Limited in which 1300 shares were traded with the closing price being the last deal price of GHs 8 per share compared to GHs 8.72 previously. It closed on offer, without a bid, at the same deal price.

From figures gathered finally on Monday December 17, Ghana's bond market was fairly active through last week. It took off with 67 deals for GHs 129.798m worth on Monday then clocked all week high GHs182.077m in 128 deals on Tuesday; touched GHs118.669m in 113 deals on Wednesday before hitting traded value low of GHs 78.365m in 86 deals on Thursday.

Come Friday, the bond market closed the week at week high 135 deals for GHs 174.273m traded value.

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