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Business News of Tuesday, 4 March 2008

Source: GNA

Accra Bourse Index in modest gain

Accra, March 4, GNA - The GSE All-Share Index, the main gauge of the Accra bourse, continued its steady rise in trading on Tuesday with a modest gain of 2.99 points.

The index went up to close 7,016.53 points from the previous close of 7,013.54 points on Monday.

Change year to date now stands at 6.31 per cent. Traded volumes rallied to close at 7.8 million shares buoyed by a block sale in the shares of HFC Bank, which alone sold 7.4 million shares.

There were six price changes - five positive and a negative. Ayrton Drug Manufacturing Limited gained GH¢0.01 at GH¢0.15, Enterprise Insurance Company was up GH¢0.01 at GH¢1.71, Fan Milk Limited went up GH¢0.04 to close at GH¢2.75, Guinness Ghana Breweries Limited was up GH¢0.01 at GH¢1.37 and SG-SSB with GH¢0.01 at GH¢1.37. The only loser was Ghana Oil Company, which shed GH¢0.02 to close at GH¢0.28.

Market capitalisation was stronger at GH¢13,434.02 compared to GH¢13,431.95 million at the previous session on Monday.

The following are the closing prices of equities in Ghana cedis

Equities Share Code Closing Price in GH cedis

Accra Brewery Ltd ABL 0.115

Anglo Gold Ashanti AGA 30.00

Aluworks Limited ALW 0.71

Ayrton Drug Man. Ltd. AYRTN 0.15 + 0.01

Benso Oil Palm Plantation BOPP 0.50

Cal Bank Limited CAL 0.70

CFAO Ghana Limited CFAO 0.035

Clydestone Ghana Ltd CLYD 0.08

Camelot Ghana Limited CMLT 0.17

Cocoa Processing Com Ltd CPC 0.053

Ecobank Ghana Ltd EBG 2.47

Enterprise Insurance Co. Ltd EIC 1.71 + 0.01

Ecobank Transnational Inc. ETI 1.29

Fan Milk Limited FML 2.75 + 0.04 Ghana Commercial Bank Ltd GCB 1.16

Guinness Ghana Breweries Ltd GGBL 1.37 + 0.01 Ghana Oil Company GOIL 0.28 - 0.02 Golden Star Resources GSR 3.10 Golden Web Ltd GWEB 0.055 HFC Bank Ltd HFC 0.54 Mechanical Llyod Co. Ltd MLC 0.21 Pioneer Kitchenware Ltd PKL 0.08

Produce Buying Company PBC 0.24 PZ Cussons Ghana Ltd PZ 0.84 Standard Chart. Bank Gh.Ltd SCB 26.65 SIC Insurance Company Limited SIC 0.42

Starwin Products Limited SPL 0.05 Super Paper Products Co. Ltd SPPC 0.033 SG-SSB Limited SG-SSB 1.37 + 0.01

Sam Woode Limited SWL 0.0265 Trust Bank Ltd (Gambia) TBL 1.33 TOTAL Petroleum Ghana Ltd TOTAL 5.53 Transaction Solutions Gh.Ltd TRANSOL 0.12

Unilever Ghana Ltd UNIL 2.17 AngloGold

Ashanti Depository Shares AADS 0.345