APRIL 3, 2019: BACK TO LOW TRADE AT GHANA STOCK EXCHANGE BUT....

The Ghana Stock Exchange closed Wednesday back more or less in Monday when trade was recorded by very few companies but this time around, large parcels were traded in all but one company.

On Monday April 1 2019, only 4 equities witnessed  trade and so traded volume dropped to far below 100,000 shares.

However, on Wednesday, even though only 5 equities once again recorded deals after Tuesday's 10 equities, traded volume closed at 123,800 shares all because only Societe Generale ended with exchange of below 1000 shares.

A total of 400 shares were traded in Societe Generale at GHs 0.9 per share, that is without price change although offer price ended at GHs 0.95 per share.

Top traded volume was MTN Ghana's 47,700 shares traded while also closing firm at GHs 0.7 per share for a total value of GHs 33,390.

Enterprise Ghana recorded deals for 33,300 shares while closing at GHs 2.22 per share compared to GHs 2.25 per share on Tuesday.

This was after last deal was sealed at GHs 2.2 per share. The closing price represented GHs 0.03 per share drop and more drops may be on the cards because offer ended at GHs 2.19 per share without takers.

Another major trade was Ecobank Transnational's 24,500 shares exchanged at firm GHs 0.13 per share although mismatch developed as offer price rose to GHs 0.15 per share.

In the case of Ghana Commercial Bank, its 17,900 shares traded was at last deal of GHs 3.8 per share but GCB closed at GHs 3.93 per share.

By implication, GCB continued to slide by shedding GHs 0.07 per share on Wednesday although offer price rallied to GHs 4.6 per share while bid price remained unmoved at the closing price

In the end, with no price gains, the Ghana Composite Index dropped further to 2442.2 from Tuesday's 2449.72.

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