APRIL 9,2019: MTN TOP OFFLOAD AT GHANA STOCK EXCHANGE

In a very rare fashion seen only when new issues are listed on the exchange, record high shares of MTN Ghana were offloaded at Ghana Stock Exchange Tuesday, April 9, 2019.

A total of 14.035m of MTN's shares were traded at firm GHs 0.7 per share although it ended with price mismatch as bid price dropped to GHs 0.68 per share later

Sure, hardly a day passes at the market without MTN shares being traded. On Monday, 7000 units were traded at same GHs 0.7 per share and mismatch resulted as well from bid price drop to GHs 0.69 per share later.

With the record offload, market traded volume touched a high of 14.048m shares as 8 other equities ended with trade.

However, in terms of trade, Societe Generale Bank followed MTN volume from a very long distance with 5000 shares exchanged at GHs 0.87 per share.

The Ghana Composite index eased to 2412.25 from 2414.74  on Monday when only 26,452 shares were traded in a low start to the week.

Ghana Commercial Bank rose by GHs 0.01 per share to close at GHs 3.95 per share compared to GHs 3.94 on Monday.

However, this was after last deal for the exchange of 1400 shares was sealed at GHs 3.96 per share. By the day's close though bid price dropped back to GHs 3.94 per share while offer rose to GHs 4.1 per share.

CAL Bank declined by GHs 0.01 per share to close at last deal price of GHs 1.04 per share as against GHs 1.05 previously. Again bid price also dropped further to GHs 1 per share while offer remained firm.

Much the same way, SIC Insurance recorded exchange of 300 shares at GHs 0.13 per share, down GHs0.01 per share on Monday's GHs 0.14 per share but mismatch occurred later as bid dipped further to GHs 0.12 per share.

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