FEB 13, 2019: GHANA: TWO VS 0NE

It was a case of 2 vs 1 at Ghana Stock Exchange Wednesday February 13, 2019 as 2 price gains and one drop were recorded.

The tussle was over which way for the Composite index; a tussle which decline won with the GCI ending at 2487.50 from Tuesday's 2488.65.

The winning drop was recorded by Republic Bank of Ghana down GHs 0.02 per share to close at last deal  was struck at GHs 0.6 per share, the opening price.

A total of 14,500 shares of Republican Bank were traded  offer price rose further to GHs 0.75 per share and bid stayed firm at  GHs 0.6 per share.

The 2 price gainers were Enterprise Group Ltd and Total Petroleum Ghana each closing GHs 0.03 per share up.

While recording exchange of 25,000 shares, Total had recorded the last deal at GHs 3.27 per share compared to GHs 3.26 previously but went on to close at 3.29 per share. Then the possibility of more deals was cancelled as offer price rose further to GHs 3.75 per share.

On the other hand, Enterprise Ghana witnessed exchange of 7200 shares while closing at last deal price of GHs 2.1 per share compared to GHs 2.13 on Tuesday.

However, it ended the day with mismatch as bid price dropped to GHs 2 per share while offer remained at the closing price

Traded volume continued to decline coming to 109,700 shares on Wednesday as against 121,522 on Tuesday and 355,911 on Monday.

The most active equity was MTN Ghana in which 57,000 shares at GHs 0.74 per share although bid price finally closed at GHs 0.73 per share.

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