FEB 12, 2019: GHANA: HORDS RECORDS TRADE

For the first time in a long while, on Tuesday February 12, 2019, at the Ghana Stock Exchange,  one of the listed companies, HORDS Ltd, recorded first trade of its shares although while closing firm.

In all 2300 of its shares were traded at year long firm price of GHs 0.1 per share and from the fact of closing on offer, there is room for more trade.

The trade, though small even by the day's average, added to bring total traded volume for Tuesday to 121,110 shares compared to far more hefty 355,600 shares on Monday.

Top trade was in Enterprise Ghana Ltd and Republic Bank of Ghana.

Pacing traded volume was Enterprise Ghana in which 51,400 shares were exchanged while closing at last deal price of GHs 2.1 per .share.

Close on its heels was Republic Bank with deals for the exchange of 50,000 of its shares. It closed too at last deal price of GHs 0.62 per share, down GHs 0.03 per share from Monday's GHs 0.62 per share. Much later though, bid price closed at GHs 0.6 per share.

The Republic Bank price gain turned to be one of 2 price drops recorded and 1 gain which led to slight decline in the Ghana Composite Index to 2488.65 from 2491.26.

The other price decrease was by CAL Bank down GHs 0.01 per share to close at last deal price of GHs 0.88 per share compared to GHs 0.89 on Monday.

In all 2300 of its shares were traded and more deals were in the pipeline but for bid price that dropped further to GHs 0.87 per share and offer price that reverted to GHs 0.89 per share.

The lone price increase was a major one by Total Ghana. It rose by GHs 0.05 per share as its 100 shares were exchanged at GHs 3.26 per share as against GHs 3.21 per share previously.

By the day's close though, the potential for more gains was still there as offer price rose to GHs 3.68 per share while bid stayed at the closing price per share.


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