Friday, 13th December 2013 | The Ghana Stock Exchange fell slightly for the week to Thursday but gained on Friday by 5.07 points to end marginally above last week’s close. The main market index closing at 2130.87 up from last week’s 2,129.69 for a 77.19 percent gain year to date and the financial at 1,780.47 up from 1,774.36 the week before for a 70.57 percent gain for the year to date.
At the end of trading, the price of 3 stocks were down and 3 were up for the week. The marginal change to the index is reflective of the narrowness of the number of stocks with price movements in either direction.
For the week, Aluworks gained 25 percent as the price moved up by GH¢0.01 to GH¢0.06, Cocoa Processing Company dropped 50 percent to hit GH¢0.01, Starwin Products dropped 25 percent to reach GH¢0.03 and Ghana Commercial Bank gained 2 percent to end at GH¢4.90 but had a bid at the close above the last selling price at GH¢4.91, last week it gained one percent.
The market seems to have weakened with just 8 stocks having bids at the end of trading, while there are 22 stocks with offers. The vast majority of the offer prices are the same as the last selling prices of the stocks, an indication of selling pressure.
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