Sunday, March 25, 2007

City Share Price Movements (Week Ending 23.3.07)

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 ended on a high. On Thursday 10,000 shares were sold at 35p and on Friday 10,000 shares were bought at 40p. Even though this is a small about of share activity the shares still ended the week up 5p finishing at 39.5p.

Last week's movement demonstrates further the illiquid nature of the market and how share price movement rarely corresponds with share activity.

Last week:-
Finishing price (mid): 39.5p
Bid price: 37p
Offer price: 42p

Share price movement for the week:-

19/3 0
20/3 0
21/3 0
22/3 10,000
23/3 10,000

Total volume for the week: 20,000

All information taken from Plus Markets Group


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