Business News of Wednesday, 14 January 2004

Source: GNA

The GSE All-Share drops

Accra, Jan. 14, GNA - Social Security Bank's (SSB) massive loss of 1,000 cedis on Wednesday pulled the GSE All-Share Index down by 18.93 points to close mid-week trading.

The index, closed at3,595.02 after opening the week at a high of 3,613.95 points.

The change year to date was 1.17 per cent.

Total shares traded fell further to 364,700 shares from to 385,000 shares at the previous close.

There were seven price changes, six positive and one negative. Ghana Commercial Bank was up at 80 cedis to close 8,700 cedis, Home Finance Company rose 59 cedis to close at 4,110 cedis and Fan Milk Limited went up 50 cedis at 3,850 cedis.

Unilver gained 42 cedis to close at 14,100 cedis, Mechanical Loyed Company was up at14 cedis to close at 7,15 cedis and the Trust Bank Limited of The Gambia went up five cedis to close at 10,005 cedis. Social Security Bank, the only loser, lost 1,000 to close at 19,000 cedis.

Market capitalisation now stands at 12,721.86 billion cedis from 12,769.67 billion cedis on Monday

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

ABL 552

AGC 28,650

ALW 4,000

BAT 5,600

CFAO 75

CMLT 550

CPC 630

EIC 10,600

FML 3,850 +50

GBL 1,460

GCB 8,700 +80

GGL 5,670

HFC 4,110 +59

MGL 275

MLC 715 +14

MOGL 35,005

PAF 740

PBC 1,300

PZ 2,700

SCB 67,005

SPPC 390

SSB 19,000 -1,000

SWL 288

TBL 10,005 +5

UNIL 14,100 +42