Sunday, March 18, 2007

City Share Price Movements (Week Ending 16.3.07)

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.

Last week's share activity was flat and despite more shares being sold than bought the price ended the week as they began at 34.5p.

Until a formal takeover bid is made, considered by the board and recommended by the board interest/ activity in the shares will probably continue as normal. If no announcements or updates are given over the comming weeks the share price will probably drop off in much the same vein as it did after the initial "takeover" announcement made on 7 December 2006 pushed the price up only to fall gradually until the more recent announcement on 22 February 2007.

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

Share price movement for the week:-
Nil

Volume:-
12/3 4,000
13/3 0
14/3 10
15/3 0
16/3 2,000

Total volume for the week: 6,010

All information taken from Plus Markets Group

2 Comments:

At 5:20 pm, Anonymous Anonymous said...

"more shares sold than bought"???

How well do you know the stock market my friend?

 
At 6:49 pm, Blogger Ollie said...

The market isn't a matched-bargain market whereby there has to be a buyer for every seller. The brokers buy and sell the shares on behalf of clients and it is possible for there to be more shares sold than bought. In this situation a broker will hold a balance of shares on their account (to be sold in due course). It can also work the other way, a buyer wants x amount of shares but x is not available. I hope that helps.

 

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