Trading on GSE Plunges

Accra (Greater Accra), 9 Feb. '99 - Trading on the Ghana Stock Exchange (GSE) took a downward turn yesterday following losses in three equities with no gains. This resulted from the intense profit taking by investors, especially those of Aluworks (ALW), Pioneer Tobacco Company (PTC) and SSB Bank. This put pressure on the GSE All-Share Index, causing it to fall 4.27 points to close at 898.90 points, down from the 903.17 points registered on Friday. Total volume of shares sold finished low at 48,570. It last closed at 199,040 shares. Offers closed at 3.3 million shares while bids ended at 341,570. Market capitalisation closed at 3,416 billion cedis. This is lower than the 3,423 billion cedis posted on Friday. In the broader market, three equities made significant losses to open the week down, from their previous closing prices. There were no gains. ALW lost 100 cedis to finish at 2,650 cedis while SSB Bank was down 55 cedis to end 2,220 cedis. The other loser, PZ, closed at 850 cedis down by 50 cedis.

ABL 800

AGC 19,000

ALW 2,650 -100

CFAO 55

EIC 2,000

FML 1,600

GBL 1,700

GCB 1,100

GGL 1,200

HFC 750

MGL 225

MLC 250

MOGL 20,000

PAF 400

PTC 400

PZ 850 -50

SCB 25,000

SPPC 250

SSB 2,220 -55

UNIL 1,650

UTC-E 125