Business News of Tuesday, 17 April 2007

Source: GNA

GSE All-Share index makes another weak gain

Accra, April 17, GNA - The GSE All-Share index, the benchmark measure, made another weak gain in quiet trading on Tuesday, buoyed by a significant gain by Enterprise Insurance Company (EIC). Traded shares also moved up to 159,100 from 8,900 shares. The index closed 0.42 points better at 5,134.71 points from 5,134.29 points on Monday.

Change for year was slightly better at 2.57 per cent. On the broader market, there were eight price changes, seven up and one down.

EIC led the way with 500 cedis gain at 9,406, CAL Bank gained five cedis at 2,460 cedis, Ecobank Ghana was three cedis better at 14,135 cedis, Fan Milk gained two cedis at 19,106 cedis, Standard Chartered Bank appreciated by four cedis at 180,005 cedis while SG-SSB and Guinness Ghana Breweries Limited gained one cedi each at 6,332 cedis and 9,262. The only loser was Benso Oil Palm Plantation (BOPP), which was 50 cedis poorer at 5,450 cedis.

Market capitalization closed at 113,277.78 billion cedis from 113,265.05 billion cedis.

The following are the prices of equities in cedis:

ABL 1,150 AGA 300,000 ALW 7,463 AYRTN 976 BAT 3,300

BOPP 5,450 -50

CAL 2,460 +5

CFAO 350 CLYD 800 CMLT 1,700 CPC 538

EBG 14,135 +3

EIC 9,406 +500

ETI 11,350

FML 19,106 +2

GCB 6,780 GGBL 9,362 +1 GWEB 550 HFC 5,400 MLC 2,100 PKL 800 PBC 2,600 PZ 7,106 SCB 180,005 +4 SPL 550 SPPC 225 SG-SSB 6,332 +1 SWL 265 TBL 13,250 TOTAL 54,257 TRANSOL 1,200 UNIL 15,000 AADS 3,310