JAN 30, 2019: GHANA: INDEX RALLIES.

After 3 days of consistent decline, Ghana Composite Index rallied at the Ghana Stock Exchange on Wednesday January 30, 2019.

The decline had started on Friday January 25, continued last Monday then on Tuesday barely stayed on course with very slight rise from 2496.71 to 2496.91.

This was as SIC Insurance closed down GHs 0.01 per share as the lone price change for the day.

On Wednesday, the story was different. There were 4 price changes and 2 each were up and down leading to the GCI rally to 2498.24.

Leading price change was GHs 0.16 per share by Total Ghana in which 300 shares were exchanged at GHs 3.2 per share compared GHs 3.04 on Tuesday.

Societe Generale gained GHs 0.01 per share as last deal was recorded at GHs 0.94 per share while 2400 shares were being traded as against GHs 0.93 previously 

Of the 2 price drops, Standard Chartered Bank went down with GHs 0.15 per share while closing at last deal price of GHs0.85 per share as against GHs 1 per share on Tuesday. In all, 3200 of its shares were traded and it closed on bid at the new price 

Ghana Commercial Bank too eased but by GHs 0.02 per share while ending the day at last deal price of GHs 4.39 per share compared to GHs 4.41 per share the previous day.  Its number of shares traded was 3700 and bid and offer prices later closed at GHs 4 and 4.4 per share respectively.

Traded volume picked up strongly within the day ending at 158,432 shsres compared to just 42,339 units on Tuesday.

Top traded volume was Ecobank Transnational Incorporated's 89,500 shares exchanged at GHs 0.15 per share .


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