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Business News of Monday, 12 February 2007

Source: GNA

GSE All-Share slump on huge CAL, CFAO losses

Accra, Feb. 12, GNA - The GSE All-Share Index, the benchmark index of the Accra bourse, slumped on Monday on account of significant losses by CAL Bank and CFAO.

The index lost 4.55 points at 5,025.33 points from 5,029.88 points last Friday.

Traded volumes were a high 1,002,500 with CFAO selling 752,400 and CAL 210,500. Last Friday's volumes traded ended at 33,400. Change for the year was lower at 0.39 per cent from 0.48 per cent on Friday.

Market capitalization closed lower at 112,612.22 billion cedis from Friday's 112,639.29 billion cedis.

There were six price changes - four positive and two negative. CAL lost 105 cedis at 2,100 cedis while CFAO lost 49 cedis at 350 cedis.

Aluworks Limited gained one cedi at 7,263 cedis, Enterprise Insurance Company (EIC) was seven cedis better at 8,850 cedis, ECOBANK Ghana gained one cedi at 13,581 cedis while Standard Chartered Bank was also one cedi better at 165,001 cedis.

The following are the prices of equities in cedis:

ABL 1,150 AGA 300,000

ALW 7,263 +1

AYRTN 976 BAT 3,300 BOPP 5,500

CAL 2,100 -105

CFAO 350 -49

CLYD 800 CMLT 1,700 CPC 538

EBG 13,581 +1

EIC 8,850 +7

ETI 11,350 FML 18,100 GCB 6,200 GGBL 9,015 GWEB 550 HFC 5,400 MLC 2,100 PKL 800 PBC 2,600 PZ 7,100 SCB 165,001 +1 SPL 550 SPPC 225 SG-SSB 6,010 SWL 265 TBL 13,250 TOTAL 54,100 TRANSOL 1,100 UNIL 15,000 AADS 3,250