APRIL 8, 2019: 2ND VOLUME LOW AT GHANA STOCK EXCHANGE

Traded volume at the Ghana Stock Exchange closed at 2nd lowest level in months on Monday April 8, 2019 at the start of the second week of the month.

In all, 26,452 shares were traded in surprisingly 9 equities within the day compared to 84,071 shares on Friday and the down pour of 1.23m on Thursday.

However, it was higher than just 23,390 shares dealt in on March 7 this year and just a little short of 28,121 shares on February 7.

One thing though, the day saw rare trade in 3 hardly traded equities. Agricultural Development Bank was one of them and 2500 of its shares were traded with last deal at GHs 5.06 per share at which it also closed the day.

The closing price was down GHs 0.89 per share on the GHs 5.95 it closed on Friday thus recording the leading price change for the day. However, ADB's offer price rallied to GHs 5.9 per share without takers and the shares were worth leading GHs 12,650.

Also rarely traded was Mechanical Lloyd Company PLC in which 3900 shares were exchanged at firm GHs 0.09 per share although bid price slipped to GHs 0.08 later.

Aluworks Ltd was the other rarely traded equity and this time it witnessed deals for 400 shares also at firm GHs 0.09 per share and closed at the same level on bid.

Top trade was recorded in MTN Ghana as 7000 of its shares changed hands at GHs 0.7 per share worth GHs 4900 total without price change. However, bid price dropped to GHs 0.69 per share while offer stayed firm.

There were actually only 2 price changes and both down. Apart from ADP, Standard Chartered Bank saw exchange of only 10 units but at GHs 19.5 per share, down GHs 0.5 on Friday's closing GHs 20 per share.

More deals in SCB could not be sealed because bid and offer prices dipped further to GHs 17 and 18.5 per share respectively.

Talking of mismatch of prices, Ghana Commercial Bank closed at GHs 3.96 and 4.0 per share on bid and offer respectively after 100 units were traded at firm GHs 3.94 per share and Ecobank Transnational Incorporated firmed at GHs 0.14 per share while recording exchange of 6000 shares then closed at GHs 0.13 and 0.16 per share.

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