DEC 18, 2018: GHANA STOCK EXCHANGE MORE ACTIVE BUT...

The Ghana Stock Exchange on Tuesday December 18 2018, was more active than in recent days with 18 companies closing with deals compared to 10 on Monday and 14 on Friday.

There were 6 price changes: 4 down, 2 up but alas, most all trades were below 15,000 per company and so, traded volume at 65,993 shares was no where near 1.758m on Monday powered by 1.685m traded in MTN Ghana.

Top gain was GHs 0.08 per share by Standard Chartered Bank which actually gained more to record last deal at GHs 19.3 per share before slipping to close at GHs 19.28 compared to GHs 19.2 per share on Monday. In all, 1100 of its shares were traded and more deals could have been struck but bid and offer prices closed at 19 and 19.3 per share respectively.

SIC Insurance was the other price gainer for the day. It rose by GHs 0.01 to record last deal and close at GHs 0.17 per share from GHs 0.16 previously. In its case, 2300 shares were traded  and bid interest continued to end of day at the new price.

Republic Bank of Ghana led the price losers down GHs 0.08 per share as, in the course of witnessing exchange of 9700 units, its last deal and closing price was GHs 0.6 per share compared to GHs 0.68 on Monday.

Total Ghana witnessed exchange of only 200 shares but at GHs 3.4 per share, down GHs 0.59 on Monday's closing GHs 3.99 per share.

Enterprise Group Ltd GHs 0.04 per share decline was also a straight affair as 10,400 shares were traded, last deal and closing price was GHs 2.25 per share, down on Monday's GHs 2.29 per share and bid price even closed the day at GHs 2 per share.

Lastly, Societe Generale Bank recorded trade of 3600 units at GHs 0.74 per share before shedding GHs 0.01 per share to close at GHs 0.73 per share. However, offer price moved up to GHs 0.75 per share later no takers as bid stayed at the new price.

Thus, traded volume was not the only one down: The Ghana Composite Index too continued downwards by closing at 2529.92 from Monday's 2543.40.

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