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Business News of Tuesday, 4 May 1999

Source: Reuters

Ghana bourse flat, GCB bank still active

02:46 p.m May 03, 1999 Eastern

ACCRA, May 3 (Reuters) - The Ghana Stock Exchange was unchanged on Monday, with no price changes registered, the bourse report showed.

The all-share index was stable at 820.88 points, down 5.47 percent on the year to date.

The most active share on Monday was Ghana Commercial Bank (GCB.GH), still unchanged at 1,000 cedis for 10.000 shares traded.

Overall volume stood at 32,220 shares, compared to 58,510 traded on Friday.

Two banks listed on the exchange, Standard Chartered Bank Ltd (SCB.GH) and SSB Bank Ltd (SSB.GH), have postponed payment of final dividends, broker Databank Research said.

Payment, scheduled for April 30, will now take place on May 30. The registrar of the two companies said that a fire had broken out at National Trust Holding Company Ltd, destroying stationary and warrants.

SSB was unchanged on Monday at 1,670 cedis for 4,700 shares traded. SCB was also unchanged at 24,000 for just 100 shares exchanged.