FEB 25, 2019: GHANA: BOND DEALS AVERAGE 374.8

At the Ghana Stock Exchange last week, deals struck at the Bond segment averaged 374.8 with the pace set by trade on Friday and Wednesday.

On Friday, week high 525 deals were sealed for bonds worth GHs 138.775m which incidentally was the lowest traded value for the week.

On Wednesday, however, all week high GHs 263.754m was recorded in 2nd ranked 410 deals. All other days recorded below average investor interest.

Thursday, February 21 ended with 346 deals valued at GHs 249.542m, ahead of Tuesday February 19's  314 deals worth GHs 226.689m; and Monday's 279 deals valued at GHs 197.213m.

No figures for Monday February 25 2019 were available but at the Equity market, the Composite index rose to 2499.28 from Friday's firm 2493.23.

This was as 2 gains and 1 price drop were recorded. The lone decline was by SIC Insurance, down GHs 0.01 per share as it closed at last deal price of GHs 0.18  per share compared to GHs 0.19 on Friday.

Total Petroleum Ghana  closed up by GHs 0.2 per share to close at GHs 4.6 per share as against GHs 4.4 previously. However, offer jumped further to GHs 5 per share leading price mismatch and no additional deals after 700 units had been exchanged.

The other price gainer was Ecobank Transnational Incorporated which moved up GHs 0.011 per share as 4500 of its shares were sold with last deal price at GHs 0.15 per share.

Again, ETI ended the day with mismatch of prices as offer price moved up to GHs 0.17 per share.

Traded volume was rather low. It came to 81,150 shares with MTN Ghana dominating with deals for 52,200 units while closing firm at GHs 0.73 per share although officer price rose GHs 0.74 per share.

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