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Business News of Wednesday, 14 March 2012

Source: GNA

Accra bourse index falls for the second straight session

-The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, slipped 0.8 points to 1,028.22 points for the second straight session down from 1,029.02 points on Tuesday with a year-to-date return of 6.11 per cent.

The GSE-Financial Stocks Index (GSE-FSI), which tracks the performance of listed financial stocks, also fell by 2.36 points to 889.52 points from 891.88 points with a year-to-date change of 3.06 per cent.

There were four price changes equally shared between the gainers and the losers.

State Insurance Company gained GH¢0.02 to GH¢0.39 and Guinness Ghana Breweries Limited rose GH¢0.02 to GH¢1.60.

Bucking the trend, Ghana Commercial Bank shed GH¢0.02 to GH¢1.83 and Ecobank Ghana fell GH¢0.03 to GH¢3.15.

Market Capitalization closed the session marginally lower at GH¢50,820.05 million from GH¢50,824.12 million.

A total of 257,440 shares worth 295,748.96 changed hands during the session compared to 78,045 shares traded valued at GH¢52,079.25 on Tuesday.

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Economics Stock Exchange 2 Accra

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 0.11

Ayrton Drug Man. Ltd. AYRTN 0.17

Benso Oil Palm Plantation BOPP 1.70

Cal Bank Limited CAL 0.25

Clydestone Ghana Ltd CLYD 0.04

Camelot Ghana Limited CMLT 0.11

Cocoa Processing Com Ltd CPC 0.02

Ecobank Ghana Ltd EBG 3.15 -0.03

Enterprise Insurance Co. Ltd EGL 0.38

Ecobank Transnational Inc. ETI 0.10

Fan Milk Limited FML 2.23

Ghana Commercial Bank Ltd GCB 1.83 -0.02

Guinness Ghana Breweries Ltd GGBL 1.60 +0.02

Ghana Oil Company GOIL 0.33

Golden Star Resources GSR 2.75

Golden Web Ltd GWEB 0.04

HFC Bank Ltd HFC 0.45

Mechanical Lloyd Co. Ltd MLC 0.10

Pioneer Kitchenware Ltd PKL 0.06

Produce Buying Company PBC 0.24

PZ Cussons Ghana Ltd PZC 0.24

Standard Chart Bank Gh. Ltd SCB 52.21

SIC Insurance Company Limited SIC 0.39 +0.02

Starwin Products Limited SPL 0.04

SG-SSB Limited SG-SSB 0.45

Sam Woode Limited SWL 0.02

Trust Bank Ltd (Gambia) TBL 0.40

TOTAL Petroleum Ghana Ltd TOTAL 26.10

Transaction Solutions Gh. Ltd TRANSOL 0.05

Tullow Oil Plc TLW 34.50

Unilever Ghana Ltd UNIL 8.10

UT Bank Limited UTB 0.30

AngloGold Ashanti Depository Shares AADS 0.52

Standard Chartered Bank Preference Shares SCB PREF 0.52 **