Sunday, December 10, 2006

City Share Price Movements (Week Ending 8.12.06)

This is the weekly article charting Manchester City Plc's share price movements during the last week. The price doesn't usually move very much and not many shares are usually traded, so you can pick up here at the end of each week our summary of the week gone by.

The biggest story this week is that talks are taking place that may lead to new investment into the club. Despite this story there hasn't been much turnover of shares and that is probably a reflection of the relative illiquid nature of the market. We understand over the last few weeks or so there has never much more than 15,000 shares available to buy at a time which is further reflection of this.

What we have seen this week is the fact that the market makers have increased the spread (the difference between the bid and offer price) which reflects the discussions that are taking place which may come to fruition in due course. We would guess that the majority of the share price movement has probably come from market makers (marking up the price) due to this.

This week:-
Finishing price (mid): 35.5p
Bid price: 33p
Offer price: 38p

Share price movement for the week:-
+13p (57.7%)

04/12 0
05/12 0
06/12 100
07/12 0
08/12 20,957

Total volume for the week: 21,057

All information taken from Plus Markets Group


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