Let Use the order book summary for MTNGH (MTN Ghana Limited) on the Ghana Stock Exchange. I will be explain each term means in trading terminology
1️⃣ Buy - indicate with black color
This is the highest price that buyers are currently willing to pay for the stock.
In the image:
Buy = 5.65
It means the highest bid in the market is GHS 5.65 per share.
This is called the bid price.
2️⃣ Buy Volume- indicate with orange color
This is the number of shares investors want to buy at that bid price.
In the image:
Buy Volume = 3,500
It means investors are willing to buy 3,500 shares at GHS 5.65.
This shows demand strength at that price level.
3️⃣ Sell- indicate with blue color
This is the lowest price that sellers are currently willing to accept.
In the image:
Sell = 0.00
This likely means:
• There is currently no active sell order showing, or
• IC wealth is not displaying the lowest ask price at that moment.
This is normally called the ask price.
4️⃣ Sell Volume- indicate with Pink color
1️⃣ Buy - indicate with black color
This is the highest price that buyers are currently willing to pay for the stock.
In the image:
Buy = 5.65
It means the highest bid in the market is GHS 5.65 per share.
This is called the bid price.
2️⃣ Buy Volume- indicate with orange color
This is the number of shares investors want to buy at that bid price.
In the image:
Buy Volume = 3,500
It means investors are willing to buy 3,500 shares at GHS 5.65.
This shows demand strength at that price level.
3️⃣ Sell- indicate with blue color
This is the lowest price that sellers are currently willing to accept.
In the image:
Sell = 0.00
This likely means:
• There is currently no active sell order showing, or
• IC wealth is not displaying the lowest ask price at that moment.
This is normally called the ask price.
4️⃣ Sell Volume- indicate with Pink color
👍4❤3
The message is simple. Africa’s destiny is not division. The lines that separate us were never meant to define us.
A united market of 1.5 billion people can become one of the most powerful economic forces in the world. It can create jobs for millions of young Africans, support innovation across industries, and position the continent as a rule-maker rather than a rule-taker in global affairs.
Sign the petition here: www.makeafricaborderlessnow.com
Happy Independence Day!
©️ELIJAH NANSUURI SANTA
Accra, Ghana 🇬🇭
ceosanta.com
#africanprosperity #panafricanism #makeafricaborderlessnow
A united market of 1.5 billion people can become one of the most powerful economic forces in the world. It can create jobs for millions of young Africans, support innovation across industries, and position the continent as a rule-maker rather than a rule-taker in global affairs.
Sign the petition here: www.makeafricaborderlessnow.com
Happy Independence Day!
©️ELIJAH NANSUURI SANTA
Accra, Ghana 🇬🇭
ceosanta.com
#africanprosperity #panafricanism #makeafricaborderlessnow
UPDATE!
Normally this is the strategy people use:
They buy huge shares close to the qualifying date and then benefit from the Dividend payment, right after that they sell it.
For instance:
If you purchase 10,000 Shares which equals GHS5.8 per Share * 10,000 = GHS58,000
They can earn dividend worth: 10,000 shares * 0.40ps = GHS4,000
Normally this is the strategy people use:
They buy huge shares close to the qualifying date and then benefit from the Dividend payment, right after that they sell it.
For instance:
If you purchase 10,000 Shares which equals GHS5.8 per Share * 10,000 = GHS58,000
They can earn dividend worth: 10,000 shares * 0.40ps = GHS4,000
❤4
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Participants in the program, known as VNBWAY Stewards, you will earn commissions, store credits, milestone rewards, and recognition within the VNBWAY LTD community.
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Join the waitlist. Become a VNBWAY Steward. Grow with the brand.
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Participants in the program, known as VNBWAY Stewards, you will earn commissions, store credits, milestone rewards, and recognition within the VNBWAY LTD community.
Physically challenged participants will receive an increased commission structure as part of our commitment to inclusion.
Join the waitlist. Become a VNBWAY Steward. Grow with the brand.
Visit: www.vnbway.com to sign up
#luxury #panafricanism #affilatemarketing #youthdevelopment #brand #fashion
To truly understand the "lie detector" of the market, you have to look beyond the green or red color of the price candle and focus on the Effort vs. Result. Think of volume as the Effort (the fuel being burned) and price as the Result (the distance traveled).
In a strong, healthy trend, the Effort and the Result are in harmony. When the price breaks above a key level, such as a resistance line, the volume should be high—ideally significantly above its recent average. This tells you that a "crowd" of big institutions is pushing the stock, not just a few retail traders. For example, in February 2026, GCB Bank saw a single-day traded value of over GH₵ 21 million on a volume of 777,000 shares. This "high effort" resulted in a strong price appreciation, confirming that the trend had real institutional backing. Similarly, in a strong uptrend, any occasional dips in price should happen on very low volume. This is a signal that while the price is dropping, nobody is actually in a hurry to sell; the "smart money" is holding tight.
A weak trend occurs when the Effort and Result disagree, a phenomenon known as Divergence. If you see a price making new highs but each new high is accompanied by lower and lower volume, the trend is dying. The fuel is running out even though the car is still rolling forward due to momentum. We saw this recently with some tickers where price gains were recorded on "thin" volume. For instance, if a stock like CAL Bank or SOGEGH jumps 5% in a day but only a few thousand shares were traded, it is a "Head Fake." Because there is no significant volume behind it, it takes very little selling to send the price crashing back down.
Another critical detail is Churning, which happens when you see a massive spike in volume (huge Effort) but the price barely moves (no Result). This is a battleground where for every buyer, there is an equal and opposite seller "dumping" their shares. On the GSE, if a stock hits a peak and starts churning on massive volume, it usually means the institutions are using the "hype" to offload their shares to retail investors. The trend is no longer strong; it is transferring from smart money to hurried money.
Always look at the volume before you look at the price. On the GSE, price can be moved by a single small trade, but volume requires a crowd. If the crowd isn't following the price, the price will eventually fall back to where the crowd is.
✍️ ~ R Boateng
In a strong, healthy trend, the Effort and the Result are in harmony. When the price breaks above a key level, such as a resistance line, the volume should be high—ideally significantly above its recent average. This tells you that a "crowd" of big institutions is pushing the stock, not just a few retail traders. For example, in February 2026, GCB Bank saw a single-day traded value of over GH₵ 21 million on a volume of 777,000 shares. This "high effort" resulted in a strong price appreciation, confirming that the trend had real institutional backing. Similarly, in a strong uptrend, any occasional dips in price should happen on very low volume. This is a signal that while the price is dropping, nobody is actually in a hurry to sell; the "smart money" is holding tight.
A weak trend occurs when the Effort and Result disagree, a phenomenon known as Divergence. If you see a price making new highs but each new high is accompanied by lower and lower volume, the trend is dying. The fuel is running out even though the car is still rolling forward due to momentum. We saw this recently with some tickers where price gains were recorded on "thin" volume. For instance, if a stock like CAL Bank or SOGEGH jumps 5% in a day but only a few thousand shares were traded, it is a "Head Fake." Because there is no significant volume behind it, it takes very little selling to send the price crashing back down.
Another critical detail is Churning, which happens when you see a massive spike in volume (huge Effort) but the price barely moves (no Result). This is a battleground where for every buyer, there is an equal and opposite seller "dumping" their shares. On the GSE, if a stock hits a peak and starts churning on massive volume, it usually means the institutions are using the "hype" to offload their shares to retail investors. The trend is no longer strong; it is transferring from smart money to hurried money.
Always look at the volume before you look at the price. On the GSE, price can be moved by a single small trade, but volume requires a crowd. If the crowd isn't following the price, the price will eventually fall back to where the crowd is.
✍️ ~ R Boateng
❤4
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We’ll be streaming instead so make sure to log on by 12pm today!
The Recording will be made available so don’t panic if you can’t make it.
Have a blissful day!