FEB 20,:2019: GHANA: MORE VOLUME FROM LESS.

Curiously, on Monday,February 18, 2019, 11 equities recorded deals that resulted in the exchange of 164,927 shares.

Come Tuesday February 19, the number of equities with deals reduced by just 1 and traded volume rose to 356,719. That is more than twice the Monday figure.

Now on Wednesday February 20, 2019 the number of equities with traded shares  reduced by  1 again this time to 9 and guess what?  Traded volume nearly doubled to 675,800 shares.

Clearly a case of more volume from fewer equities in 3 straight days since the week started.

Two equities made the day on Wednesday as far as traded volume was concerned. Societe Genetale  set the pace with  529,000 of its shares exchanged at firm GHs 0.98 per share. Offer price later closed at GHs 1 per share leading to mismatch.

MTN Ghana witnessed 114,700 shares exchange at GHs 0.74 per share, up GHs 1 per share from GHs 0.73 on Tuesday.

Thus, it was among the 2 equities with gains by the day's close. The other was CAL Bank with GHs 0.05 per share increase while closing at last deal price of GHs 0.9 per share compared to GHs 0.85 previously. However, offer price added another GHs 0.01 to close at GHs 0.91 per share.

Ecobank Ghana was the day's lone price loser as it shed GHs 0.02 per share to close at last deal price of GHs 7.47 compared to GHs 7.49 per share on Tuesday.
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In the end, the pull upwards for the Ghana Composite Index was stronger leading to 14.1 points increase to 2496.01 from 2481.91 previously.

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