Business News of Wednesday, 11 February 2004

Source: GNA

Ten equities push Index higher

Accra, Feb. 11, GNA - Share appreciations in 10 equities on the Ghana Stock Exchange on Wednesday pushed the GSE All-Share index up significantly by 31.56 points to close trading at 3,926 points from the 3,931.04 points registered in Monday trading.

This brings the change in the year to date at 11.52 per cent. Total shares traded, however, was 86,000 with Produce Buying Company (PBC) toping with a sale of 27,300 shares.

On the broader market, The Trust Bank of Gambia posted a whopping 400 cedis gain to close midweek trading at 10,500 cedis while Ghana Commercial Bank (GCB) made 169 cedis to finish at 9,550 cedis. This is the third consecutive gain by GCB after news came through that government was going to put in place a new management team.

Fan Milk Limited (FML) and SSB Bank Limited made 100 cedis each to finish trading at 4,100 cedis and 20,100 cedis, respectively. Camelot, one of the fast improving equities on the Exchange, went up by 60 cedis to close at 665 cedis.

PBC and Pattersone Zachonis (PZ) were each 50 cedis richer ending at 2,000 cedis and 2,800 cedis, respectively.

Guinness Ghana Limited (GGL) appreciated by 11 cedis to close trading at 6,872 cedis while Cocoa Processing Company and Unilever Ghana Limited inched at four cedis and three cedis to end at 673 cedis and 15,503 cedis, respectively.

Market capitalization was 13,650.24 billion cedis from 13,570.53 billion cedis during Monday trading.

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

ABL 552 AGC 28,650 ALW 4,000 BAT 6,200 CFAO 82

CMLT 665 +60

CPC 673 +4

EIC 10,600

FML 4,100 +100 GBL 1,425 GCB 9,550 +169 GGL 6,872 +11 HFC 4,605 MGL 275 MLC 752 MOGL 35,100 PAF 740 PBC 2,000 +50 PZ 2,800 +50 SCB 67,100 SPPC 390 SSB 20,100 +100 SWL 288 TBL 10,500 +400 UNIL 15,503 +3