Business News of Monday, 16 September 2002

Source: GNA

Absence of big investors continues to dominate GSE

The absence of big investors on the Ghana Stock Exchange (GSE) continues to be pronounced as shares changing hands remains poor.

Although the GSE All-Share Index went up by 0.71 points to 1,305.20 points, shares traded remained the same - a mere 9,800. Only four of the 23 equities on the bourse sold shares with British American Tobacco (BAT) recording the highest of 6,600.

Change for the year went up to 36.53 per cent from 36.46 per cent while market capitalisation was also higher at 4,850.50 billion cedis from 4,849.13 billion cedis.

In the broader market, there were three price changes, all positive.Ghana Commercial Bank (GCB) was seven cedis higher at 3,340 cedis, SSB Bank was two cedis higher at 3,876 cedis and BAT gained one cedi at 952 cedis.

The following are the last prices of listed equities in cedis :

ABL 380

AGC 18,805

ALW 4,000

BAT 952 +1

CFAO 66

EIC 4,510

FML 1,627

GBL 900

GCB 3,340 +7

GGL 912

HFC 955

MGL 254

MLC 261

MOGL 19,710

PAF 750

PBC 400

PZ 1,850

SCB 26,020 SPPC 387 SSB 3,876 +2 SWL 285 UNIL 4,217 CMLT 460