Traded volumes continue to slump on Ghana’s stock exchange

Only two equities, Ghana Commercial Bank and Guinness Ghana Limited (GGL), sold shares on Monday as market volumes dropped sharply at the first trading of the week.

There were demands for shares of only eight of the 22 equities but they made no sales. Traded shares closed lower at 7,300 from 134,500 as the bourse continued its poor performance under dominant bearish sentiments.

However, the benchmark GSE All-share index inched up by 1.25 points at 852.60 points compared to 851.35 on Friday. The market remains offer-driven with offers outstripping demand by large volumes.

Offers were down at 1.1 million from 1.3 million on Friday. Bids fell heavily to close at 28,400 from 156,200. On the broader market, there was only one price change - GGL, which gained 20 cedis to close at 740 cedis