FEB 18, 2019: GHANA: DAY 2 RALLY BUT ONE GAIN

At the Ghana Stock Exchange, the Composite Index rallied once again on Monday February 18, 2019 after Friday's punctuation of daily slide.

However, this occurred as only one price gain and two drops were recorded reflecting more, as usual, their respectively impact on GCI through relative market capitalisation.

The lone price gainer was Total Petroleum Ghana in which just 200 shares were traded at GHs 4.3 per share, up GHs 0.55 per share compared to GHs 3.75 per share previously.

The 2 price losers were Unilever Ghana and Ghana Commercial Bank down with different margins.

GCB went down by GHs 0.04 per share also as 200 of its shares were exchanged at GHs 4.14 per share, compared to Friday's closing GHs 4.18. Much later though, bid price dropped further to GHs 4.1 per share and offer reverted to GHs 4.18 per share resulting in price mismatch and no more deals.

Two equities, recorded price shifts while deals were being struck but closed firm at the end of the day. CAL Bank recorded last trade at GHs 0.9 per share while 2600 were being exchanged but closed firm at GHs 0.91 per share.

So too for Ecobank Transnational Incorporated in which 15,000 units were traded with last deal at GHs 0.16 per share but it ended the day at Friday's GHs 0.15 per share. However, offer price stuck to GHs 0.16 per share.

In all deals were struck for 164,927 shares with top trade being Ecobank Ghana's 53,500 shares traded without a closing price change at GHs 7.49 per share for the last deal recorded. Again, bid price declined further to GHs 7 per share leading to another price mismatch and no new deals.

From figures, obtained on Monday, the bond market was very active all day throughout last week. All week high number of deals recorded was Tuesday's 478 followed closely by 476 deals on Thursday and 317 by Wednesday leaving Monday at bottom with 173 dealh

On the other hand, top traded value was Friday's GHs 294.355m followed by Thursday with GHs 236.997m and Wednesday during which 200.979m shares were traded.

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