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Business News of Thursday, 26 August 2010

Source: GNA

All-Share Index drops substantially

Accra, Aug. 26, GNA - The Ghana Stock Exchange (GSE) All-Share Index, the main market indicator, dropped substantially by 100.65 points from 6,676.41 points to 6,575.76 points during Thursday's trading. The Change Year to Date also dropped to 18.01 from 19.81 recorded the previous session.

Traded volume closed the session at 634,408 shares valued at GH¢221,923.49. Of the 16 equities that sold shares, Ecobank Transnational Incorporated (ETI) led the pack with 498,700 of its shares valued at GH¢70,615.00.

On the broader market, there were six price changes, three positives and three negatives. Unilever Ghana Limited (UNIL) led the gainers with a share price increase of GH¢0.10 to close at GH¢4.40; SG-SSB Limited (SG-SSB) went up by GH¢0.05 to close at GH¢0.66 while Standard Chartered Bank Ghana Limited (SCB) gained GH¢0.04 to close at GH¢43.10.

Ecobank Ghana Limited (EBG) lost GH¢0.05 to close at GH¢2.95 while Cal Bank Limited (CAL) and ETI lost GH¢0.01 each to close at GH¢0.28 and GH¢0.14 respectively. Market Capitalisation closed the session at GHc18,451.84 million from 18,541.16 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 0.08 Anglo Gold Ashanti AGA 34.00 Aluworks Limited ALW 0.34 Ayrton Drug Man. Ltd. AYRTN 0.16 Benso Oil Palm Plantation BOPP 0.75 Cal Bank Limited CAL 0.28 -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 2.95 -0.05 Enterprise Insurance Co. Ltd EIC 1.81 Ecobank Transnational Inc. ETI 0.14 -0.01 Fan Milk Limited FML 8.70 Ghana Commercial Bank Ltd GCB 1.85 Guinness Ghana Breweries Ltd GGBL 1.56 Ghana Oil Company GOIL 0.26 Golden Star Resources GSR 3.61 Golden Web Ltd GWEB 0.05 HFC Bank Ltd HFC 0.51 Mechanical Lloyd Co. Ltd MLC 0.17 Pioneer Kitchenware Ltd PKL 0.07 Produce Buying Company PBC 0.16 PZ Cussons Ghana Ltd PZC 1.10 Standard Chart Bank Gh. Ltd SCB 43.10 +0.04 SIC Insurance Company Limited SIC 0.36 Starwin Products Limited SPL 0.05 SG-SSB Limited SG-SSB 0.66 +0.05

Sam Woode Limited SWL 0.02 Trust Bank Ltd (Gambia) TBL 1.33 TOTAL Petroleum Ghana Ltd TOTAL 8.45 Transaction Solutions Gh. Ltd TRANSOL 0.07 Unilever Ghana Ltd UNIL 4.40 +0.10 UT Bank Limited UTB 0.26 AngloGold Ashanti Depository Shares AADS 0.40 Standard Chartered Bank Preference Shares SCB PREF 0.52