APRIL 1, 2019: GHANA: APRIL FOOL OF A KIND

It was almost reflective of April fools day on Monday April 1 2019 as the Ghana Stock Exchange recorded activity in only 4 listed companies compared to an average of between 8 and 10 in the past 

The total number of shares traded in them came to 67,329, down considerably on 224,685 shares exchanged last Friday and even down on week low 83,645 shares recorded on Tuesday last week.

There were 2 price drops though and all downwards resulting in 4.79 points decline in the Ghana Composite Index to 2449.72 from 2454.51 it rallied to on Friday 

Ghana Oil shed GHc0.02 per share to close at GHc 2.49 compared to GHc 2.51 per share previously. That is after the last deal as 20,700 shares were exchanged was struck at GHc 2.48 per share thus bouncing back abit after the trade. Bid and offer prices ended at GHc 2.16 and 2.48 per share though respectively. 

On the other hand, Ecobank Transnational shed GHc 0.01 per share to close at GHc 0.14 per share compared to GHc 0.15 on Friday.

Again, like for Ghana Oil, that was after its last deal was struck at lower GHc 0.13 per share while ETI recorded day high 41,900 shares traded.

Also ETI ended the day with mismatch as well. Its bid price reverted to GHc 0.13 per share while offer climbed to GHc0.17 per share.

Ghana Commercial Bank did not record price change but it did witness last deal at GHc 4.0 per share then bid and offer prices ended in a mismatch at GHc 3.8 and 4.05 per share respectively.

The same with MTN Ghana in which 3100 shares were exchanged at firm GHc 0.7 per share but bid price scaled down to GHc 0.68 and offer rose to GHc 0.72 per share.

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