Business News of Monday, 9 May 2005

Source: GNA

Stock index inches up

Accra, May 9, GNA - The Ghana Stock Exchange (GSE) made a faint rise in trading on Monday on the back of a 12-cedi gain by CFAO, as the heavy bearish pressures continued to dominate the bourse. The GSE-All Share Index, the main stock index, saw a rise of 1.01 points to 6,104.29 points from Friday's close of 6,103.28 points. Change for the year to date was better at -10.21 per cent, but still in the red.

Market capitalisation was fixed at 95,192.68 billion cedis from 95,189.99 billion cedis.

Only CFAO made a movement, a 12-cedi rise at 290 cedis. Total shares traded went up to 47,800 from 14,700 on Friday, as investors continued to stay away from the market.

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

ABL 1,480 AGA 300,000 AADs 3,000 ALW 6,252 BAT 4,500 BOPP 6,000 CAL 3,200

CFAO 290 +12

CLYD 1,300 CMLT 1,580 CPC 800 EIC 7,500 FML 18,000 GCB 12,400

GGBL 12,500

HFC 7,000 MGL 275 MLC 2,700 MOGL 39,010 PAF 800 PBC 3,300 PZ 6,000 SCB 134,000 SPL 740 SPPC 390 SG-SSB 25,000 SWL 290 TBL 27,900 UNIL 17,000