Business News of Friday, 30 January 2004

Source: GNA

Ghana Stock market climbs higher

Accra, Jan. 30, GNA - The Accra bourse continued to climb on Friday buoyed by gains in nine equities.

The GSE All-Share Index, the main market gauge, climbed by 57.21 points to 3,798.06 points on a day that saw 298,00 shares change hands. Change for the year was also better at 6.88 per cent.

There were nine price changes, all positive.

Home Finance Company (HFC) and Produce Buying Company (PBC) were the biggest gainers with HFC going up by 200 cedis at 4,500 cedis while PBC also gained 200 cedis at 1,600 cedis.

British American Tobacco (BAT) and Fan Milk Limited (FML) each ended 100 cedis better at 6,100 cedis and 4,000 cedis, respectively. Ghana Commercial Bank (GCB) made 69 cedis at 9,100 cedis, Guinness Ghana Limited went up by 43 cedis at 6,850 cedis, Unilever was 19 cedis better at 15,020 cedis, Standard Chartered Bank appreciated by 14 cedis at 67,020 cedis and Cocoa Products Company gained two cedis at 658 cedis.

Total Shares traded closed higher at 298,800 from 135,500 during Wednesday trading, while market capitalisation was also better at 13,234.68 billion cedis from 13,090.16 billion cedis.

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

ABL 552 AGC 28,650 ALW 4,000

BAT 6,100 +100 CFAO 75 CMLT 550

CPC 658 +2 EIC 10,600

FML 4,400 +100

GBL 1,460

GCB 9,100 +69

GGL 6,850 +43

HFC 4,500 +200

MGL 275 MLC 751 MOGL 35,010 PAF 740

PBC 1,600 +200

PZ 2,750

SCB 67,020 +14

SPPC 390 SSB 19,000 SWL 288 TBL 10,100

UNIL 15,020 +19