Saturday, December 30, 2006

City Share Price Movements (Week Ending 29.12.06)

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.

This past week there has been little activity with one sale of 1,200 shares at 32.5p. The price however, has fallen out of proportion to activity and this is more to do with the difference between the bid and offer price being shortened. There could be a number of reasons why this has happened but almost certainly it is due to lack of demand/ interest in the shares.

If there continues to be no positive news over the coming weeks it is possible that the share price will continue to drift slowly back towards pre-takeover announcement levels.

This week:-
Finishing price (mid): 33.5p
Bid price: 32p
Offer price: 35p

Share price movement for the week:-

25/12 Market closed
26/12 Market closed
27/12 1,200
28/12 0
29/12 0

Total volume for the week: 1,200

All information taken from Plus Markets Group


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