APRIL 23, 2019: NO CHANGE AT GHANA STOCK EXCHANGE

Not one equity recorded any price change at Ghana Stock Exchange on Tuesday April 23, 2019 after the easter break.

This was despite trade recorded in quoted companies for above average total daily traded volume.

With the no change, top price equity in the market remained Standard Chartered Bank which closed at GHs 19 per share.

This was also SCB's lowest price in a year and in spite of witnessing 2nd highest traded volume of 10,750 shares worth leading GHs 204,250 on Tuesday at the firm price. Its top price for the was GHs 21.44 per share.

Two other equities were also priced in double digit: Unilever Ghana also closed at year low of GHs 17.69 per share and high of GHs 17.78 while Toluworks has been firm at GHs 11.94 per share through the year  Both recorded no deals.

A total of 166,822 shares were traded compared to 144,651 on Thursday with MTN Ghana accounting for 150,000 units traded at firm GHs 0.7 per share in that the minute GHs 0.001 per share gain recorded, did not make a difference.

The shares were valued at GHs 104,840, well below SCB's traded value and MTN closed the day with price mismatch of GHs 0.69 and 0.7 per share for bid and offer respectively.

Two equities closed firm at GHs 7.8 per share: Ecobank Ghana and Fan Milk limited and both recorded deals on Tuesday.

EGH witnessed deals for 4000 shares worth GHs 1496.6 at firm GHs 7.8 per share then offer price rose to GHs 8.6 per share resulting in price mismatch.

No mismatch occurred in FML because it closed on offer and for the day at GHs 7.8 per share after 500 of its shares were traded at the same price.

There was one more mismatch though and it was recorded as Ecobank Transnational Incorporated closed GHs 0.13 and 0.15 on bid and offer respectively after its 100 units had been exchanged at GHs 0.15 per share.

Of course, because there was no price change, the Ghana Composite Index ended firm as well at 2391.97 it clocked before the Easter holidays.

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