Monday, December 18, 2006

City Share Price Movements (Week Ending 15.12.06)

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.

Following on from the previous week's news that talks are taking place that may lead to new investment into the club, there was little share activity last week. Keen followers of the shares will know that the share price movement seldom moves in line with activity and this is probably due to the illiquid nature of this market.

Last week there were two large trades (compared to normal activity) one being a purchase of 50,000 shares at 37p and a sale of 40,000 shares at 35p.

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

Share price movement for the week:-

11/12 1,050
12/12 90,000
13/12 2,000
14/12 0
15/12 0

Total volume for the week: 93,050

All information taken from Plus Markets Group


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