Business News of Thursday, 7 March 2002

Source: GNA

Stock index makes another impressive gain

The GSE All-Share Index made another impressive gain on Thursday going up by 4.94 points.

The bourse, which started the year on a very slow note, has begun to sparkle and has made a string of gains during the past couple of weeks.

The index gain ended trading at 983.57 points from Monday's close of 978.63 points on the back of gains by UNIL, SSB Bank and Ghana Commercial bank.

There was no trading on Wednesday, which was a national holiday to celebrate Ghana's Independence.

Change for the year also went up to 2.89 per cent from 2.37 per cent while market capitalisation increased to 3,957.55 billion cedis from 3,947.99 billion cedis.

On the broader market, there were three price changes, all positive. SSB Bank led the way with a 100 cedi-gain at 2,500 cedis. Ghana Commercial Bank gained 11 cedis at 1,621 cedis while UNIL gained 10 cedis at 2,610 cedis.

Total Shares traded also increased from 44,300 shares to 226,500 shares.