APRIL 10, 2019: GHANA OIL LONE RANGES AT GHANA STOCK EXCHANGE.

Ghana Oil PLC, on Wednesday April 10, 2019 lone ranged at the Ghana Stock Exchange by recording the lone price change for the day.

GOil recorded GHs 0.01 per share drop as it closed at last deal price of GHs 2.42 per share compared to GHs 2.43 per share on Tuesday. This was also GOil's new low and it was clocked as 36,000 of its shares were traded.

In view of this lone decline, the Ghana Composite Index eased to 2411.87 from previous 2412.25.

Of course, Tuesday's record 14m plus offload in MTN Ghana could not be replicated  but MTN still paced traded volume as 566,000 of its shares were exchanged with last deal price being Ksh 0.69 per share.

However, MTN Ghana recovered from this GHs 0.01 drop by closing firm at GHs 0.7 per share after the deals were struck. Interestingly, MTN Ghana bid and offer closed the day at GHs 0.68 and 0.69 per share respectively.

Ecobank Transnational Incorporated also closed firm at GHs 0.14 per share while 50,000 units were traded but it closed with mismatch as bid price decreased to GHs 0.13 per share.

Bid interest also resulted in remarkable price mismatch in 2 other equities. Republic Bank of Ghana witnessed deals for 500 units at GHs 0.63 per share but bid price dived to GHs 0.55 at the end of the day.

Much the same with Standard Chartered Bank of Ghana in which 250 shares were exchanged at GHs 19.5 per share but bid ended at GHs 17 per share.

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