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Business News of Tuesday, 27 July 2010

Source: GNA

Accra bourse makes substantial gain

Accra, July 27, GNA - There was a remarkable resurgence during Tuesday's trading on the Accra bourse, which saw the Ghana Stock Exchange (GSE) All-Share Index, the main market indicator, going up by 78.5 points from 6,287.71 points to 6,366.21 points.

The Change Year to Date also rose to 14.25 points from 12.84 points.

Traded volume was 1,139,577 shares valued at GH¢535,978.44. SIC Insurance Company Limited (SIC) led the pack with 737,300 shares valued at GH¢304,234.00; followed by CAL Bank Limited (CAL) with 161,000 shares valued at GH¢40,135.00; while Ecobank Transnational Incorporated (ETI) had 149,700 shares valued at GH¢22,455.00 sold and Guinness Ghana Breweries Limited (GGBL) had 78,800 shares valued at GH¢124,488.00 changing hands.

Shares of 12 other equities were also sold.

On the broader market, there were eight price changes, five positives and three negatives.

Fan Milk Ghana Limited (FML) and SIC led the gainers with a share price increase of GH¢0.03 each to close trading at GH¢7.38 and GH¢0.42, respectively; GGBL went up by GH¢0.02 to close trading at GH¢1.58 while CAL and ETI appreciated by GH¢0.01 to close trading at GH¢0.25 and GH¢0.15, respectively.

Ghana Commercial Bank Limited (GCB) lost GH¢0.12 to close trading at GH¢1.48; Ghana Oil Company Limited (GOIL) lost GH¢0.02 to close trading at GH¢0.23 and UT Bank Limited (UTB) lost GH¢0.01 to close trading at GH¢0.25.

Market Capitalisation was GH¢18,274.05 million from 17.48 million issued shares.

The following are the closing prices of equities in Ghana Cedis:

Equities Share Code Closing Price in GH¢

Accra Brewery Ltd ABL 0.08

African Champion Industries Ltd ACI 0.09

Anglo Gold Ashanti AGA 34.00

Aluworks Limited ALW 0.29

Ayrton Drug Man. Ltd. AYRTN 0.16

Benso Oil Palm Plantation BOPP 0.74

Cal Bank Limited CAL 0.25 +0.01

CFAO Ghana Limited CFAO 0.03

Clydestone Ghana Ltd CLYD 0.07

Camelot Ghana Limited CMLT 0.16

Cocoa Processing Com Ltd CPC 0.02

Ecobank Ghana Ltd EBG 2.97

Enterprise Insurance Co. Ltd EIC 1.30

Ecobank Transnational Inc. ETI 0.15 +0.01

Fan Milk Limited FML 7.38 +0.03

Ghana Commercial Bank Ltd GCB 1.48 -0.12

Guinness Ghana Breweries Ltd GGBL 1.58 +0.02

Ghana Oil Company GOIL 0.23 -0.02

Golden Star Resources GSR 3.50

Golden Web Ltd GWEB 0.05

HFC Bank Ltd HFC 0.56

Mechanical Lloyd Co. Ltd MLC 0.17

Pioneer Kitchenware Ltd PKL 0.07

Produce Buying Company PBC 0.13

PZ Cussons Ghana Ltd PZC 1.10

Standard Chart Bank Gh. Ltd SCB 42.73

SIC Insurance Company Limited SIC 0.42 +0.03

Starwin Products Limited SPL 0.05

SG-SSB Limited SG-SSB 0.55

Sam Woode Limited SWL 0.02

Trust Bank Ltd (Gambia) TBL 1.33

TOTAL Petroleum Ghana Ltd TOTAL 8.25

Transaction Solutions Gh. Ltd TRANSOL 0.07

Unilever Ghana Ltd UNIL 3.56

UT Bank Limited UTB 0.25 -0.01

AngloGold Ashanti Depository Shares AADS 0.36

Standard Chartered Bank Preference Shares SCB PREF 0.52