Business News of Wednesday, 14 July 2010

Source: GNA

Accra bourse loses heavily for the third time

Accra, July 14, GNA - The GSE All-Share Index has for the third time this week plummeted heavily from 6,413.78 points on Monday to 6,167.97 points on Wednesday, representing approximately 3.8 percent drop.

The Index, which slumped 111.05 points on Wednesday, therefore fell at 6,167.95 points from 6,279.00 points on Tuesday.

Of the six price changes recorded, four were negatives and two positive. Ecobank Ghana Limited went down by GH¢0.01 at GHc2.99, Ecobank Transnational Incorporated tumbled GH¢0.01 at GH¢0.13, SG-SSB Limited dropped GH¢0.01 at GH¢0.53 and AngloGold Ashanti Depository Shares slid GH¢0.01 at GH¢0.36.

The two gainers, Unilever Ghana Limited went up GH¢0.05 at GH¢3.70 while Ghana Commercial Bank inched up GH¢0.02 at GH¢1.50 after losing consecutively two previous trading sessions.

Traded volumes closed the session at 758,199 shares valued at GH¢236,494.21. Ecobank Transnational Incorporated (ETI) sold the highest at 678,300 shares valued at GH¢88,179.00.

The Change Year to Date also dropped to 10.69 points from 12.68 points on Tuesday.

Market Capitalization closed the session down at GH¢17,925.67 million.

The following are the closing prices of equities in Ghana cedis:

Equities Share Code Closing Price in GH¢

Accra Brewery Ltd ABL 0.09

African Champion Industries Ltd ACI 0.09

Anglo Gold Ashanti AGA 34.00

Aluworks Limited ALW 0.29

Ayrton Drug Man. Ltd. AYRTN 0.16

Benso Oil Palm Plantation BOPP 0.75

Cal Bank Limited CAL 0.28

CFAO Ghana Limited CFAO 0.03

Clydestone Ghana Ltd CLYD 0.07

Camelot Ghana Limited CMLT 0.16

Cocoa Processing Com Ltd CPC 0.02

Ecobank Ghana Ltd EBG 2.99 -0.01

Enterprise Insurance Co. Ltd EIC 1.60

Ecobank Transnational Inc. ETI 0.13 -0.01

Fan Milk Limited FML 7.76

Ghana Commercial Bank Ltd GCB 1.50 0.02

Guinness Ghana Breweries Ltd GGBL 1.56

Ghana Oil Company GOIL 0.23

Golden Star Resources GSR 2.84

Golden Web Ltd GWEB 0.05

HFC Bank Ltd HFC 0.55

Mechanical Lloyd Co. Ltd MLC 0.17

Pioneer Kitchenware Ltd PKL 0.07

Produce Buying Company PBC 0.13

PZ Cussons Ghana Ltd PZC 1.10

Standard Chart Bank Gh. Ltd SCB 42.70

SIC Insurance Company Limited SIC 0.33

Starwin Products Limited SPL 0.05

SG-SSB Limited SG-SSB 0.53 -0.01

Sam Woode Limited SWL 0.02

Trust Bank Ltd (Gambia) TBL 1.33

TOTAL Petroleum Ghana Ltd TOTAL 8.25

Transaction Solutions Gh. Ltd TRANSOL 0.07

Unilever Ghana Ltd UNIL 3.70 0.05

UT Bank Limited UTB 0.28

AngloGold Ashanti Depository Shares AADS 0.36 -0.01