Business News of Tuesday, 1 June 1999

Source: --

All-Share index marks time

Accra (Greater Accra) 1st June ?99

Trading on the stock market opened the week on Monday exhibiting negative sentiments as the Ghana Stock Exchange (GSE) All-Share Index marked time again.

None of the 21 listed equities registered any price change with the index remaining at 819.14 points. The index, the main market indicator, lost 0.17 points on Friday, while the change in the year to date stood at negative 5.67 per cent.

Total shares traded ended at 31,400 shares, down from Friday's 366,110 shares.

Shares of only nine equities were sold with Guinness Ghana Limited (GGL) selling the highest of 10,000 shares followed by Ghana Commercial Bank (GCB) with 5,000 shares. British-American Tobacco (BAT) sold the lowest number - 300 shares.

Offers went down from 3.1 million shares to 2.2 million shares while bids were also lower at 1,021,100 down from 1,369,710 shares at the previous trading.

Market capitalisation did not register any change as it remained at 3,321.05 billion cedis.

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

ABL 650

AGC 18,700

ALW 2,800

BAT 380

CFAO 50

EIC 2,000

FML 1,250

GBL 1,900

GCB 1,000

GGL 935

HFC 750

MGL 225

MLC 220

MOGL 16,800

PAF 340

PZ 850

SCB 23,900

SPPC 244

SSB 1,664

UNIL 1,735

UTC-E 125