GSE All Share Index plunges further

Accra, (Greater Accra) 5 March, -

Losses incurred by two major equities, Ashanti Goldfields (AGC) and Mobil Ghana Limited (MOGL) on Wednesday plunged the Ghana Stock Exchange (GSE) All-Share Index further down at the end of midweek trading. The All-Share Index, the market indicator, stood at 846 down from Monday's 856.73. It lost 0.18 points, indicating an improvement over last Monday's loss of 5.3 points on the strength of an upward shift in shares that changed hands. Nevertheless, the change in the year to date went further down to minus 2.57 per cent compared to the previous 1.34 per cent. Volume of shares traded was high at 466,360 compared to Monday's 29,300 but market capitalisation slid from 3,302.14 billion cedis to 3,270.19 billion cedis. Offers were up slightly at 2,865,820 from the 2,768,640 shares posted on Monday. Bids also firmed up from 425,900 to 962,400 shares at the close of trading. In the broader market, there was one gainer and four losers. Only Unilever Limited (UNIL) managed to make 50 cedis gain to finish trading at 1,850 cedis. MOGL and AGC both lost 300 cedis each to finish trading at 16,700 cedis and 18,400 cedis respectively. Pioneer Tobacco Company (PTC) lost 15 cedis to close at 400 cedis while Ghana Commercial Bank lost a cedi to finish trading at 999 cedis. The following are the last prices of listed equities: ABL 600 AGC 18,400 -300 ALW 2,600 CFAO 56 EIC 2,010 FML 1,450 GBL 2,000 GCB 999 -1 GGL 1,000 HFC 750 MGL 225 MLC 245 MOGL 16,700 -300 PAF 350 PTC 400 -15 PZ 850 SCB 24,000 SPPC 244 SSB 1,999 UNIL 1,850 +50 UTC-E 125