Business News of Tuesday, 4 January 2005

Source: GNA

Stock Exchange begins year on quiet note

Accra, Jan. 4, GNA - The Ghana Stock Exchange (GSE) began the year on a quiet note on Tuesday, with the main stock index inching up by 2.22 points.

The GSE All-Share Index ended trading on 6,800.82 points, up from last Friday's figure of 6,798.60 points.

Change for the year was 0.03 per cent. The bourse ended trading last year 91.32 per cent.

The first trading of the year saw 105,400 shares changing hands with 10 equities doing business.

Market capitalisation began the year on 97,620.88 billion cedis, up from 97,614.46 billion cedis on Friday.

There were four price changes on the broader market, all positive. Benso Oil Palm Plantation (BOPP) led the way with 49 cedis at 6,552 cedis. Newly listed Starwin Products Limited (SPL) gained 45 cedis at 580 cedis, Ghana Commercial Bank was six cedis richer at 10,156 and Patterson Zochoins (PZ) inched up by one cedi at 4,701 cedis.

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

ABL 1,480 AGA 300,000 AADs 3,006 ALW 10,000 BAT 7,700

BOPP 6,552 +49

CAL 3,400 CFAO 220 CLYD 1,330 CMLT 970 CPC 1,000 EIC 8,000 FML 20,000 GBL 1,600

GCB 10,156 +6

GGL 12,700 HFC 10,000 MGL 275 MLC 3,100 MOGL 39,000 PAF 800 PBC 3,600

PZ 4,701 +1

SCB 170,000

SPL 580 +45

SPPC 390 SG-SSB 27,000 SWL 290 TBL 31,000 UNIL 22,000