JAN 18, 2019: GHANA: INDEX DOWN 2ND DAY

The Composite  Index  at the Ghana  Stock Exchange closed down the second day on Friday January 18 2019 as 6 price  drops and 2 gains were recorded. 

The GCI had reversed direction  on Thursday  by dropping  to 2564.66 from Wednesday 's 2575.99 which was itself the week peak after 3 days  upwards. 

Top of the Friday price drops was GHs 0.75 per share by Benso Oil Palm as it hit a new  low of GHs 4.25 per share, compared  to GHs 5 per share  previously. Offer price however,  rose to GHs 4.95 per share  at the end of the day but the last deal for its 400 traded remained GHs 4.25 per share. 

Access Bank  also had a major  price drop of sorts as it recorded  last deal and closed at GHs 3.02 per share down GHs 0.45 on Thursday 's 3.47 per share. Bid price even declined  further  to GHs 3 per share but no takers. In the end,  only 5000 shares of Access were traded. 

Ecobank Ghana also hit a new low of GHs 7.47 per share at which last deal  out of the leading 135,600 shares were traded. This represented GHs 0 02 per share  decline  from previous  day's  GHs 7.49 per share.  In addition  bid price  slipped further to end at GHs 6,5 per share thus  mismatching  with offer price. 

The 3 other price drops  were GHs 0.01 per share  each. Camelot  Ghana recorded last deal  and closed at  GHs 0.09 per share  while it's 20,000 shares were traded compared to GHs 0.1 per share  on Thursday. Bid price  slipped  some more to GHs 0.08 per share. 

Similarly,  Ghana Oil recorded last deal  and closed at GHs 3.09 per share while 7500 units were exchanged compared to GHs 3.1 previously but in its case it was offer price that dropped further  to GHs3.08 per share  without takers. 

Finally,  SIC Insurance  witnessed exchange  of 3400 shares and closed at GHs 0.23 per share,  compared  to Thursday's  GHs 0.24 per share. 

Republic  Bank Ghana led gains with GHs 0.03 per share  gain as 1900 of its shares were traded. It closed at the last deal price of GHs 0.72 per share  as against  GHs 0.69 previously. This was a new high but closing bid and offer prices were GHs 0.7 and 0.75 per share  respectively. 

The second  price gain was GHs 0 01 per share  by Societe  Generale as it closed at GHs 0.85 per share  after recording  last deal at GHs 0.86 per share. In all,  30,500 of its shares  were traded.

At 407,175 shares,  Friday's  traded volume  was multiples of just 98,638 shares traded in Thursday  and was the second  highest within the week. 

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