Business News of Tuesday, 25 March 2008

Source: GNA

GSE Index opens week on positive note

Accra, March 25, GNA - The GSE All Share Index of the Accra bourse rose 9.07 points on the back of gains by Ecobank Ghana Limited and Ghana Commercial Bank.

The Index closed the session at 7,220.63 points from 7,211.56 on Thursday.

Shares that changed hands were more than twice higher at 258,600 shares from Thursday's level of 98,800 shares with GOIL alone selling 140,500 shares.

Change year to date now stands at 9.41 per cent.

There were three price changes - two positive and a negative. Ecobank Ghana gained 0.01 GH cedis at 2.56 GH cedis and Ghana Commercial Bank was up 0.03 GH cedis at 1.22 GH cedis.

State Insurance Company lost 0.02 GH cedis to close at 0.38 GH cedis. Market capitalisation ended the session up at 13,563.22 million GH cedis from 13,555.61 million GH cedis.

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 0.13

Benso Oil Palm Plantation BOPP 0.55

Cal Bank Limited CAL 0.70

CFAO Ghana Limited CFAO 0.035

Clydestone Ghana Ltd CLYD 0.08

Camelot Ghana Limited CMLT 0.17

Cocoa Processing Com Ltd CPC 0.053

Ecobank Ghana Ltd EBG 2.56 +0.01

Enterprise Insurance Co. Ltd EIC 1.79

Ecobank Transnational Inc. ETI 1.34

Fan Milk Limited FML 2.80

Ghana Commercial Bank Ltd GCB 1.22 +0.03

Guinness Ghana Breweries Ltd GGBL 1.45

Ghana Oil Company GOIL 0.27

Golden Star Resources GSR 3.10

Golden Web Ltd GWEB 0.055

HFC Bank Ltd HFC 0.54

Mechanical Llyod Co. Ltd MLC 0.24

Pioneer Kitchenware Ltd PKL 0.08

Produce Buying Company PBC 0.24

PZ Cussons Ghana Ltd PZ 0.85

Standard Chart. Bank Gh.Ltd SCB 26.77

SIC Insurance Company Limited SIC 0.38 -0.02

Starwin Products Limited SPL 0.05

Super Paper Products Co. Ltd SPPC 0.033

SG-SSB Limited SG-SSB 1.48

Sam Woode Limited SWL 0.0265

Trust Bank Ltd (Gambia) TBL 1.33

TOTAL Petroleum Ghana Ltd TOTAL 5.56

Transaction Solutions Gh.Ltd TRANSOL 0.12

Unilever Ghana Ltd UNIL 2.21

AngloGold Ashanti Depository Shares AADS 0.345