Business News of Thursday, 8 May 2003

Source: gna

GSE maintains momentum

The Ghana Stock Exchange All-Share Index maintained its steady rise on Wednesday, going up by 5.4 points in moderate trading that saw six price changes.

The index, the main market gauge, ended trading at 1,778.54 points with 127,800 shares changing hands, up from 99,900 on Monday.

The Trust Bank of the Gambia (TBL) led the way with a 190-cedi gain at 6,200 cedis followed by SSB Bank, which was 100 cedis higher at 6,950 cedis. Fan Milk Limited was five cedis richer at 2,211 cedis, Mechanical Lloyd rose by two cedis at 314 cedis and Unilever and British American Tobacco each gained one cedi at 6,601 cedis and 1,601 cedis.

Change for the year ended up at 27.08 per cent.

Market capitalisation closed slightly higher at 7,832.98 billion cedis from 7,819.84 billion cedis.