Business News of Tuesday, 4 May 2004

Source: GNA

Accra bourse continues upward surge

Accra, May 4, GNA - Trading on the Ghana Stock Exchange continued its impressive run on Tuesday with the GSE-All share index, the main market measure, finishing 31.95 points higher to end at 6,575.90 points up from the previous close of 6,543.95 points.

Traded volumes, however, continued their downward slide, dipping to 157,600 shares from 243,300 shares recorded on Friday.

The change for the year to date is 85.06 points.

On the broader market, there were nine positive price changes. Trust Bank Limited (TBL) led the pack with a 1,000 cedis gain to close at 26,000 cedis; Guinness Ghana Limited (GGL) went up by 100 cedis at 11,300 cedis.

Ghana Commercial Bank (GCB) gained 10 cedis at 17,610 cedis, British America Tobacco (BAT) went up by 100 cedis at 7,800 cedis, Home Finance Company (HFC) made 10 cedis to close 9,710 cedis; Fan Milk Limited gained 200 cedis at 6,700 cedis; SG-SSB went up by 55 cedis at 29,655 cedis.

Cocoa Processing Company (CPC) was richer 23 cedis at 1,510 cedis and Unilever (UNIL) made 45 cedis at 20,100 cedis. Market Capitalisation went up to 95,727.54 billion cedis from 95,645.73 billion cedis.

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

ABL 654 AGA 300,000 AADs 3,000 ALW 12,500

BAT 7,800 +100

CFAO 90 CMLT 670

CPC 1,510 +23

EIC 17,300

FML 6,700 +200 GBL 1,700 GCB 17,610 +10

GGL 11,300 +100

HFC 9,710 +10 MGL 275 MLC 3,100 MOGL 40,050 PAF 750 PBC 3,920 PZ 3,200 SCB 88,850 SPPC 390 SG-SSB 29,655 +55 SWL 290 TBL 26,000 +1,000 UNIL 20,100 +45 BDB 4 May 04