Business News of Tuesday, 10 June 2003

Source: gna

Active session but low trading on GSE

Total shares traded on the Ghana Stock Exchange on Monday dropped sharply to 94,000 from Friday's close of 182,000 despite recording an active trading session.

The GSE All-Share Index however opened the week gaining 5.99 points stronger at 1,911.87 points from the 1,905.88 points at the previous close. This put the change for the year to date at 37.02 percent as against 36.59 percent registered earlier.

Market capitalisation edged up slightly to 8,157.24 billion cedis from the 2,721.75 million issued shares. It closed trading last Friday at 8,142.88 billion cedis.

On the broader market, seven equities saw upward price appreciations with Guinness Ghana Limited recording 99 cedis rise.

It opened trading priced at 2,301 but closed the day at 2,400 cedis.

British American Tobacco (BAT) went up by 10 cedis to finish at 1,910 while Ghana Commercial Bank (GCB) closed at 5,611 gaining eight cedis in the process.

The other gainers were Accra Brewery Limited (ABL) five cedis to end at 456 cedis, Fan Milk Ghana Limited one cedi to close at 2,302 cedis and Ghana Breweries Limited two cedis to 552 cedis.

Mobil Oil Ghana Limited gained two cedis to finish at 20,002 cedis.