Business News of Monday, 11 August 2003

Source: GNA

GSE continues good run, but volumes low

Accra, Aug. 11, GNA - The Ghana Stock Exchange (GSE) posted another good run on Monday but volumes traded were low.

The GSE All-Share Index, the main stock index, was up by 6.98 points at 2,393.48 points, but volumes traded plunged from 4.6 million shares to a mere 31,300.

The bourse on Friday posted one of its highest traded shares that saw 4.6 million shares changing hands on the back of SSB Bank that sold more than 4.3 million shares.

The change for the year to date ended at 71.54 per cent. There were three price changes, all positive.

Unilever led the way with a 198-cedi gain at 7,900 cedis, SSB Bank rose by 60 cedis at 7,500 cedis and Ghana Commercial Bank was six cedis richer at 7,416 cedis.

Market capitalization opened higher at 9,633.77 billion cedis from 9,447.60 billion cedis on Friday.

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

ABL 460

AGC 28,650

ALW 4,000

BAT 2,000

CFAO 74

CPC 630

EIC 6,600

FML 2,920

GBL 552

GCB 7,416 +6

GGL 3,600

HFC 2,650

MGL 258

MLC 600

MOGL 24,000

PAF 750

PBC 755

PZ 2,253

SCB 57,001

SPPC 390

SSB 7,500 +60

SWL 285

TBL 6,000

UNIL 7,900 +198

CMLT 460