Business News of Saturday, 23 March 2002

Source: gna

GSE All-Share index in big leap

The GSE All-Share Index made a big leap on Friday as market capitalisation crossed the 4,000 billion cedis mark. Five equities gained during trading on Friday as the bourse sold 868,600 shares pushing market capitalisation to 4,000.73 billion cedis.

The GSE All-Share index, which crossed the 1,000-point mark on Wednesday, gained an impressive 11.55 points at 1,015.85 points from Wednesday's close of 1,004.30 points. Change for the year also went up to 6.27 per cent from 5.06 per cent. On the broader market, there were five price changes, all positive.

Ghana Commercial Bank (GCB) led the way with a 15-cedi gain at 1,680 cedis. Accra Brewery Limited (ABL) was up by two cedis at 323 cedis while British-American Tobacco, SSB Bank and Unilever (Unil) gained one cedi each at 637, 2,704 and 2,901 cedis in that order. Total shares traded jumped to 868,600 from 120,100 shares with BAT accounting for 750,300 shares.

The following are the closing prices of the equities in cedis:

ABL 323 +2

AGC 18,800

ALW 4,300

BAT 637 +1

CFAO 60

EIC 3,121

FML 950

GBL 1,000

GCB 1,680 +15

GGL 910

HFC 950

MGL 250

MLC 147

MOGL 18,550

PAF 750

PBC 450

PZ 1,100

SCB 20,500

SPPC 350

SSB 2,704 +1

UNIL 2,901 +1

CMLT 430