Business News of Tuesday, 27 May 2008

Source: GNA

CAL gain pushes up Accra bourse index

Accra, May 27, GNA - The Ghana Stock Exchange (GSE) All-Share Index, the benchmark measure of the Accra bourse, jumped up by 90.59 points on Monday on the back of a good performance by CAL limited. CAL, in the middle of a dispute between a major shareholder and the Chief Executive, sold 14.133 shares, nearly all the shares that changed hands on the bourse, and gained 0.40 GH cedis on its share price. The shareholder wants the CEO removed from office. The GSE All-Share Index closed trading at 9,844.71 points from 9,754.12 points.

Change for the year to date now stands at 49.17 per cent. Traded volumes ended at 14,362,200 with CAL selling 14,133,600 shares. On the broader market there were four price changes, three up one down.

CAL gained 0.40 GH cedis at 1.05 GH cedis, Ecobank Ghana Limited (EBG) was up 0.01 GH cedis at 3.24 GH cedis, State Insurance Company went up 0.01 Ghana cedis 0.48 GH cedis while SG-SSB Bank lost 0.07 GH cedis at 1.40 GH cedis.

Market capitalisation ended the session up at GH¢15,209.00.

The following are the closing prices of equities in Ghana cedis

Equities Share Code Closing Price in GH cedis

Accra Brewery Ltd ABL 0.115

Anglo Gold Ashanti AGA 30.00 Aluworks Limited ALW 0.71 Ayrton Drug Man. Ltd. AYRTN 0.16 Benso Oil Palm Plantation BOPP 1.26 Cal Bank Limited CAL 1.05 +0.40 CFAO Ghana Limited CFAO 0.04 Clydestone Ghana Ltd CLYD 0.08 Camelot Ghana Limited CMLT 0.16 Cocoa Processing Com Ltd CPC 0.053

Ecobank Ghana Ltd EBG 3.24 +0.01

Enterprise Insurance Co. Ltd EIC 2.03 Ecobank Transnational Inc. ETI 2.30 Fan Milk Limited FML 3.29 Ghana Commercial Bank Ltd GCB 1.38

Guinness Ghana Breweries Ltd GGBL 1.76 Ghana Oil Company GOIL 0.26 Golden Star Resources GSR 3.10 Golden Web Ltd GWEB 0.055 HFC Bank Ltd HFC 0.62 Mechanical Llyod Co. Ltd MLC 0.21 Pioneer Kitchenware Ltd PKL 0.07 Produce Buying Company PBC 0.24 PZ Cussons Ghana Ltd PZ 0.88

Standard Chart. Bank Gh.Ltd SCB 27.09

SIC Insurance Company Limited SIC 0.48 +0.01

Starwin Products Limited SPL 0.05 Super Paper Products Co. Ltd SPPC 0.033 SG-SSB Limited SG-SSB 1.40 -0.07 Sam Woode Limited SWL 0.0265 Trust Bank Ltd (Gambia) TBL 1.33 TOTAL Petroleum Ghana Ltd TOTAL 6.00 Transaction Solutions Gh.Ltd TRANSOL 0.11 Unilever Ghana Ltd UNIL 2.43 AngloGold Ashanti Depository Shares AADS 0.345