JAN 28, 2018: GHANA: AGAIN, INDEX DOWN

For the second trading day on Monday January 28, 2018, the Composite Index of the Ghana Stock Exchange closed down this time more dramatically.

On Friday January 25, the GCI had dropped by about 4 points to 1511.84 as 5 price drops and only 1 gain was recorded.

On Monday however, 2 price decreases and 1 gain depressed the GCI by about 15 points to 2496.91.

CAL Bank was the lone price gainer. A total of its 47,600 shsres were traded and it closed at the last deal price of GHs 0.9 per share, up GHs 0.03 on Friday's GHs 0.87 per share.

On the other hand, MTN Ghana, one of the market's heavyweights by market capitalisation, closed down GHs 0.01 per share as it closed at deal price of GHs 0.75 per share. This was the same deal price on Friday but it then formed at GHs 0.76 per share.

The second price decline was recorded by Standard Chartered Bank down GHs 0.34 per share as it closed at GHs 21.09 compared to GHs 21.43 per share previously.

However, the last deal price as its 6060 units were exchanged was GHs20.5 per share meaning it rose slightly for the last deal then slipped below Friday close.

In all 141,326 shares were traded involving 11 equities, short of the 230,752 units on Friday which was spread across 18 listed companies.

The lead trade was in Ecobank Transnational Incorporated in which 59,500 shares were traded as it stayed firm at GHs 0.15 per share.

Figures for the Bond market on Monday were not available as Henates did this review but last week, the market recorded daily trade all through.

Top of the bill was traded value of GHs 232.541m recorded in 325 deals on Tuesday followed by 181 deals for GHs 216.380m on Wednesday and in value terms, by Thursday's GHs 179.795m in 104 deals.

Monday with 113 deals was the 3rd highest in terms of deals struck but at GHs 86.561m the lowest in value while Friday with just 82 deals was week's low but 4th with GHs 89.866m traded value.

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