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Business News of Tuesday, 6 September 2011

Source: GNA

Accra Bourse Index falls on Ecobank Transnational Loss

Accra, Sept. 6, GNA - The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, fell 3.42 points to close at 1,128.26 points from 1,131.68 points.

The loss brings the year-to-date change to 12.83 per cent.

The GSE-Financial Stocks Index (GSE-FSI), which tracks the performance of listed financial stocks, went down by 11.31 points to 1,057.34 points from 1,068.65 points with corresponding year-to-date change of 5.73 per cent. There were six price changes 96 equally shared between the gainers an= d losers.

Cocoa Processing Company gained GH¢0.01 to GH¢0.03, Ghana Oil Comp= any was up GH¢0.01 to GH¢0.32 and Produce Buying Company added GH¢0.02 to GH¢0.30. On the flip side, Tullow Oil Plc shed GH¢0.01 to close at GH¢31.02= , State Insurance Company fell GH¢0.01 to GH¢0.51 and Ecobank Transnation= al Incorporated lost GH¢0.01 to GH¢0.13.

Market Capitalisation was lower at GH¢48,005.63 million cedis from GH¢48,093.05 million cedis.

More than 8.2 million shares valued at more than GH¢2.4 million exchanged hands during the session.

The following are the closing prices of equities in Ghana Cedis: Company Share Code Closing Prices Change

African Champion Industries Ltd ACI 0.08 Anglo Gold Ashanti AGA 34.00 Aluworks Limited ALW 0.14 Ayrton Drug Man. Ltd AYRTN 0.17 Benso Oil Palm Plantation BOPP 0.82 CAL Bank Limited CAL 0.27 Clydestone Ghana Ltd CLYD 0.06 Camelot Ghana Limited CMLT 0.11 Cocoa Processing Co. Ltd CPC 0.03 +0.01 Ecobank Ghana Ltd EBG 3.45 Enterprise Group Ltd EGL 0.54 Ecobank Transnational Inc. ETI 0.13 -0.01 Fan Milk Limited FML 2.73 Ghana Commercial Bank Ltd GCB 2.74 Guinness Ghana Breweries Ltd GGBL 1.57 Ghana Oil Company GOIL 0.32 +0.01 Golden Star Resources GSR 2.75 Golden Web Ltd GWEB 0.04 HFC Bank Ltd HFC 0.36 Mechanical Lloyd Co. Ltd MLC 0.10 Pioneer Kitchenware Ltd PKL 0.06 Produce Buying Company PBC 0.30 +0.02 PZ Cussons Ghana Ltd PZC 1.39 Standard Chart Bank Gh. Ltd SCB 55.00 State Insurance Company Limited SIC 0.51 -0.01 Starwin Products Limited SPL 0.04 SG-SSB Limited SG-SSB 0.46 Sam Woode Limited SWL 0.02 Trust Bank Ltd (Gambia) TBL 1.33 TOTAL Petroleum Ghana Ltd TOTAL 23.23

Transaction Solutions Gh. Ltd TRANSOL 0.05 Tullow Oil Plc TLW 31.02 -0.01 Unilever Ghana Ltd UNIL 7.40 UT Bank Limited UTB 0.37 AngloGold Ash. Depository Shares AADS 0.50 StanChart Bank Preference Shares SCB PREF 0.52