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Business News of Thursday, 20 March 2008

Source: GNA

GSE Index makes significant gain

Accra, March 20, GNA - The GSE All Share Index of the Accra bourse on Thursday made significant gain when it shot up by 40.99 points to break for the Easter holidays.

The Index, which saw a steady rise since Monday, rallied to close at 7,208.42 points from 7,167.43 points on Wednesday. Traded volumes, however, declined at 98,800 shares on Thursday from 1,446,700 shares on at previous trading session with Home Finance Company selling the highest at 61,100 shares. Change year to date now stands at 9.22 per cent. On the broader market, there were five price changes, three positives and two negatives. Ecobank Trans-national Incorporated gained 0.02 GH Pesewas at 1.34 GH cedis, Ghana Commercial Bank and Total petroleum Ghana Limited were both richer by 0.01 GH pesewas at 1.19 GH cedis and 5.56 GH cedis respectively. The two losers, Ghana Oil Company Limited and State Insurance Company both lost 0.01 GH pesewas to close at 0.27 GH pesewas and 0.39 GH pesewas respectively.

Market capitalisation rose to close the session at 13,555.61 million GH cedis from 13,529.94 million GH cedis.

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 0.13 Benso Oil Palm Plantation BOPP 0.55 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 2.55 Enterprise Insurance Co. Ltd EIC 1.79

Ecobank Transnational Inc. ETI 1.34 +0.02

Fan Milk Limited FML 2.80 Ghana Commercial Bank Ltd GCB 1.19 +0.01 Guinness Ghana Breweries Ltd GGBL 1.45

Ghana Oil Company GOIL 0.27 -0.01

Golden Star Resources GSR 3.10 Golden Web Ltd GWEB 0.055 HFC Bank Ltd HFC 0.54 Mechanical Llyod Co. Ltd MLC 0.24 Pioneer Kitchenware Ltd PKL 0.08 Produce Buying Company PBC 0.24 PZ Cussons Ghana Ltd PZ 0.85 Standard Chart. Bank Gh.Ltd SCB 26.77 SIC Insurance Company Limited SIC 0.39 -0.01

Starwin Products Limited SPL 0.05 Super Paper Products Co. Ltd SPPC 0.033 SG-SSB Limited SG-SSB 1.48 Sam Woode Limited SWL 0.0265 Trust Bank Ltd (Gambia) TBL 1.33

TOTAL Petroleum Ghana Ltd TOTAL 5.56 +0.01

Transaction Solutions Gh.Ltd TRANSOL 0.12 Unilever Ghana Ltd UNIL 2.21 AngloGold Ashanti Depository Shares AADS 0.345