Monday, September 10, 2012

Mechanical Lloyd Company dominates trading for the 2nd successive session on the Ghana Stock Exchange


New Week, New Year high on the Ghana Stock Exchange as performance benchmarks on the local bourse gained some ground. CAL Bank and Mechanical Lloyd Company (MLC) offset losses in two other equities. 

The GSE-Composite Index closed the session at 1,036.48 points, from 1,035.97 points in the previous session. The GSE-Financial Stock Index closed at 872.44 points, up 0.64 points from 871.80 points. The corresponding year-to-date change is 6.96% as at the close of the market.

A total of 0.35 million shares were traded, which is about 51.39% decline from the 0.72 million shares traded at the last trading session. The corresponding trade value was GHS0.10 million and this is 43.76% less than the previous session. MLC dominated trading for the second successive session, accounting for 87.93% of the trade volume and 35.49% of the turnover.

MLC closed at a year-high of GHS0.12, up GHS0.02 from GHS0.10. CAL, the only other gainer, went up by a pesewa to close at GHS0.33. Tullow (TLW) and UT Bank (UTB) saw their share prices decline at the close of the market. 
The market resumes tomorrow and we wait to see whether new year-highs would be recorded or whether MLC would dominate in trades for the third successive session on GSE


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