Business News of Wednesday, 23 April 2003

Source: gna

Aluworks loss brings index down

The Ghana Stock Exchange All-Share Index, the key measure of the Accra Bourse, dipped by 5.15 points in trading after the Easter break on Tuesday when Aluworks (ALW) lost 300 cedis to send it tumbling down.

The Index, which had shown consistent sterling performances since the beginning of the year, dropped to close at 1,717.43 points from last week's Wednesday's 1,722.58 points in a dull market.

A mere 28,200 shares changed hands in a dull market that saw shares in only six equities traded compared to 213,800 shares at the previous closing session.

ALW lost 300 cedis to close at 4,000 cedis.

Market capitalisation was down at 7,684.38 billion cedis from 7,696.88 billion cedis on Wednesday.