Business News of Tuesday, 9 November 1999
ACCRA, Nov 8 (Reuters) - The Ghana Stock Exchange (GSE) ended lower on Monday tracking the shares of oil company Mobil, the market report showed.
MOGL slipped 99 cedis to 15,700, dragging the all share index down 0.18 points from 759.56 points to 759.38. The index has fallen 12.55 percent in 1999.
A total of just 300 MOGL shares changed hands. It was not immediately clear who bought, who sold and why the price fell.
Trading company CFAO was the only other mover, rising two cedis to 40. The most active shares were Ghana Commercial Bank (GCB.GH) and drinks company Guinness (GGL.GH) with 4,700 and 4,000 shares changing hands.
Offers totalled 1,180,550, bids 90,000 and 13,500 shares changed hands.
An extra 9,132,049 shares in tobacco company BAT (BAT.GH) were listed on the GSE First Official List alongside existing shares on Monday.
They had been issued to the former holders of Meridian Tobacco Ghana Ltd in connection with the merger between their respective parent companies, British American Tobacco (BATS.L) and Rothmans International.
($ - 3,100 cedis)