Friday, March 02, 2007

City Share Price Movements (Week Ending 2.3.07)

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 share price movement upwards this week has more to do with brokers marking up the price and widening the difference between the bid and offer prices than share activity. To illustrate that, the share price increased by 1p today on the back of no shares being traded.

Half year figures were released on Tuesday after the close of business and had no real effect on share activity or price.

Much speculation is doing the rounds that presentations by potential investors and board meetings have taken place this week; until positive news or an update is issued by the Club the shar price is unlikely to move too much.

Last week:-
Finishing price (mid): 34.5p
Bid price: 32p
Offer price: 37p

Share price movement for the week:-

26/2 5,886
27/2 168
28/2 1,000
01/3 0
02/3 0

Total volume for the week: 7,054

All information taken from Plus Markets Group


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