JAN 9, 2019: TREND CONTINUES AT GHANA STOCK EXCHANGE

On Wednesday, January 9 2019, the up one day, down next trend noticed at the Ghana Stock Exchange since this year continued with the Composite Index rising from 2581.46 to 2582.70.

The trend had started with drop in GCI on first trading day January 2 and continued till Tuesday's marginal decline as only one equity recorded price change and downwards.

The Wednesday rally was underpinned by 3 price gains and one drop. The leading gain was GHs 0.03 per share by Trust Bank ltd of Gambia as it also recorded top trade for the day.

TBL's leading 119,200 shares were traded with last deal at GHs 0.26 per share compared to GHs 0.23 close on Tuesday.

However, closing  bid was at GHs 0.20 per share thus hinting at possible further drop ahead although it will take a matching offer price to make this happen 

The 2 other price gains were GHs 0.01 per share each. CAL Bank recorded deals for 8300 shares with the last deal and closing price at GHs 1 per share, compared to GHs 0.99 previously.

What's more, new deals could not be struck because, while bid price stayed firm at the new price, offer price rose to close at GHs 1.02 per share.

Fan Milk Ltd also added GHs 0.01 per share while recording trade of 10,400 of its shares. The last of the deals was struck at GHs 8.01 per share as against GHs 8 per share previously.

The lone decline was GHs 0.01 per share by AADS while witnessing deals for exchange of 12,400 shares with last deal at GHs 0.40 per share before closing the day at GHs 0.41. Bid price closed at the old price though.

Traded volume was 171,562 shares down on the 291,669 units  on Tuesday but certainly still above average.

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