Ghana Stock Exchange changes in board lot size

The Ghana Stock Exchange (GSE) on Wednesday announced changes in the board lot size of certain listed equities on the bourse as part of its efforts to improve liquidity.

It said in a statement issued in Accra that the changes were according to its Automated Trading System Rules, sections 16(2) and 17(2).

The GSE said: “The board lot size of listed equities trading on the Regular Market, whose share prices are GH¢10.00 and above, shall be ten (10) and multiples thereof.  For such equities the minimum trading unit on the Odd Lot Market shall be one (1) and a maximum of nine (9) shares.”

The listed equities currently affected by this change are AngloGold Ashanti Limited (AGA), Standard Chartered Bank Ghana Limited (SCB), Total Petroleum Ghana Limited (TOTAL), and Tullow Oil Plc (TLW).

The statement said the change takes effect from August 15, 2011.

Source: GNA