JAN 25, 2018: GHANA: WEEK ENDS DOWN

After rising twice and declining twice in the first 4 days of the trading week, the Ghana Composite Index closed the week to Friday January 25,  down 

It dropped to 2511.84 on Friday and this also represented a significant drop on precious week's closing 2556.28.

The week's major tumble had occurred on Thursday before the GCI hit all week low on Thursday.

The Friday rally was as 1 price gain and 5 drops were recorded with traded volume recovering to 230,852 shares from Thursday's 226,279.

The lone price gainer was Ecobank Ghana in which 3500 shares were exchanged. The last deal struck was at GHs 7.2 per share but ECG went on to close at GHs 7.21 pee share, up GHs 0.21 on previous day's GHs 7 per share.

Total Ghana led decline with GHs 0.36 per share drop after 17,200 shares were traded. The last deal had been at GHs 3 per share but Total closed at GHs 3.04 per share compared to GHs 3.4 previously. At the end of the day though bid and offer prices closed at GHs 3 and 3.4 per share respectively.

Access Bank dropped by GHs 0.18 per share to close at last deal price of GHs 3.02 per share as against GHs 3.2 previously while 1600 of its shares were traded.

Ghana Commercial bank also went down but by GHs 0.08 per share to a new low . Only 100 of its shares were traded and at GHs 4.41 per share compared to GHs 4.49 on Thursday. Bid price eased further to GHs 4.4 pee share though.

The last 2 price drops  were GHs 0.01 per share each. Standard Chartered Bank recorded last deal for the day at GHs 21.4 per share but went on to close at GHs 21.43 compared to GHs 21.44 previously. What's more, bid price later declined to GHs20.5 per share and offer stayed at GHs 21.4.

Finally Unilever Ghana  recorded exchange of 800 shares while closing at last deal price of GHs 17.77 per share. This was a new low and down on GHs 17.78 per share previously. Interestingly, offer price dropped further to GHs 17.75 per share with no takers.


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