Business News of Friday, 13 February 2004

Source: GNA

Eight equities push Index to dizzy heights

Accra, Feb. 13, GNA - Share appreciations in eight equities on the Ghana Stock Exchange on Friday pushed the GSE All-Share index up significantly by 80.67 points to close trading at 4,043.66 points from the 3,962.99 points registered in Wednesday trading.

This brings the change in the year to date at 13.80 per cent. Total shares traded, however, was 97,800 with Home Finance Company (HFC) toping with a sale of 38,100 shares.

On the broader market, HFC posted a whopping 595 cedis gain to close the week trading at 5,200 cedis while Enterprise Insurance Company made 400 cedis at 11,000 cedis. Ghana Commercial Bank (GCB) continued its share appreciation with 200 cedis gain at 9,750 cedis, so also did Produce Buying Company (PBC) make 200 cedis gain at 2,200 cedis. Trust Bank Limited (Gambia) and Fan Milk Limited made 100 cedis gain each at 10,600 cedis and 4,200 cedis, respectively.

Mechanical Lloyd Company 75 cedis gain at 827 cedis, while Cocoa Products Company (CPC) gained six cedis to close the Friday trading at 680 cedis.

Market capitalization was 13,854.96 billion cedis from 13,650.24 billion cedis during Midweek Trading.

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

ABL 552 AGC 28,650 ALW 4,000 BAT 6,200 CFAO 82 CMLT 665 CPC 680 +6 EIC 11,000 +400 FML 4,200 +100 GBL 1,425 GCB 9,750 +200 GGL 6,873 HFC 5,200 +595 MGL 275 MLC 827 +75 MOGL 35,100 PAF 740 PBC 2,200 +200 PZ 2,800 SCB 67,100 SPPC 390 SSB 20,100 SWL 288 TBL 10,600 +100 UNIL 15,503