Business News of Monday, 7 February 2005

Source: GNA

Accra bourse continues downward slide

Accra, Feb. 7, GNA - The Accra bourse continued its downward slide on Monday with British American Tobacco (BAT) recording another big loss as bearish sentiments prevailed.

The Ghana Stock Exchange All-Share Index, the main stock index, was down by 11.94 points to 6,835.28 points while change for the year was also lower at 0.54 per cent.

BAT lost 500 cedis at 5,000 cedis, but there were three price gains.

Benso Oil Palm Plantation gained five cedis at 6,710 cedis, Ghana Commercial Bank (GCB) appreciated by 10 cedis at 12,230 cedis and Patterson Zochonis was five cedis better at 5,005 cedis.

Traded shares were down at 96,000 shares from 345,600 shares on Friday.

Market capitalisation closed lower at 97,714.95 billion cedis from 97,747.55 billion cedis on Friday.

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

ABL 1,480 AGA 300,000 AADs 3,000 ALW 8,000

BAT 5,000 -500

BOPP 6,710 +5

CAL 3,400 CFAO 246 CLYD 1,330 CMLT 970 CPC 1,000 EIC 8,000 FML 20,000 GBL 1,600

GCB 12,230 +10

GGL 12,700 HFC 9,900 MGL 275 MLC 3,100 MOGL 39,010 PAF 800 PBC 3,600 PZ 5,005 +5 SCB 170,000 SPL 750 SPPC 390 SG-SSB 27,000 SWL 290 TBL 31,000 UNIL 22,000