General News of Wednesday, 1 April 1998

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Ghana Stock Exchange breaks the 800 barrier

The GSE All-Share Index yesterday continued its rise, appreciating by 13.87 points to finish at 849.19 points as against Friday's close of 835.32 points.On Friday, it gained 13.82 points. Total shares traded closed at 94,100 on the back of Social Security Bank (SSB), Unilever Ghana Limited (UNIL), Ghana Commercial Bank (GCB) and CFAO. Overall shares on demand finished ahead of offers. Demand was 1.1 million as against offers of 575,950. There was a big demand for shares of GCB, Guinness Ghana Limited (GGL), Aluworks Factory Limited (ALW), SSB and UTC-Estates Limited (UTC-E). There were six price changes - five up, one down. Standard Chartered Bank (SCB), after declaring a dividend of 1,750 cedis last week for the year ended 1997, went up by 110 cedis to open the week at 15,210 cedis. PZ, manufacturers of soap and pharmaceutical products, gained 100 cedis - it's highest in recent times - to close at 600 cedis a share. Ashanti Goldfields Company (AGC) made 50 cedis today to end at 18,450 cedis. The other gainers were CFAO and GCB, which made two cedis and 97 cedis to close at 65 cedis and 1,112 cedis respectively. The only loser was Mechanical Lloyd Company (MLC), which dropped by five cedis to close trading at 290 cedis. Market capitalization went up to 3,208.63 billion cedis, compared to 3,182.72 billion cedis registered on Friday. JOY