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Business News of Thursday, 8 April 1999

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Stock Exchange opens week stronger

Accra (Greater Accra) 8 April '99

The Ghana Stock Exchange (GSE) opened trading stronger on Wednesday after the Easter holidays but in an unimpressive session which saw only one equity appreciating. The GSE All-Share Index went up by 0.45 points to close at 827.82. It had lost 4.25 in the last trading session to close at 827.37 points. The SSB Bank was the only gainer with a 10-cedi gain at 1,800. Market capitalisation was higher at 3,334.71 billion cedis from the previous 3,333.24 billion cedis. Offers were lower at 3,770,340 compared to 4,064,960 posted in the last session. Volume of shares traded was higher at 86,200 from 29,200 with bids also closing higher from the previous 487,000 to 510,000.

The following are the last prices of listed equities in cedis: ABL 750 AGC 18,700 ALW 2,800 CFAO 56 EIC 2,010 FML 1,250 GBL 1,950 GCB 1,000 GGL 900 HFC 750 MGL 225 MLC 245 MOGL 16,000 PAF 348 PTC 400 PZ 850 SCB 24,000 SPPC 244 SSB 1,800 +10 UNIL 1,750 UTC-E 125