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Business News of Wednesday, 19 May 2004

Source: GNA

Accra bourse continues upward surge

Accra, May 19, GNA - Shares on the Ghana Stock Exchange advanced across the board on Wednesday, following sustained investor confidence in the activities of the bourse.

The GSE-All Share Index, the key market indicator soared by 39.25 points to close at 6,803.14 points compared to the previous 6,763.89 points. The change for the year to date is 91.45 points. Unilever Ghana Limited (UNIL) sold 123,200 shares out of the total 339,100 that changed hands.

On the broader market, there were 11 positive price changes and a negative.

CFAO gained two cedis at 97 cedis; Clydstone (CLYD) made 50 cedis at 550 cedis; Cocoa Processing Company (CPC) went up by 39 cedis to close at 1,700 cedis; Enterprise Insurance Company (EIC) was up four cedis at 17,305 cedis; Fan Milk Limited (FML) rose 210 cedis at 6,910 cedis and Ghana Commercial Bank (GCB) was up 98 cedis at 18,200 cedis. Guinness Ghana Limited (GGL) gained 406 cedis at 12,006 cedis; Home Finance Company (HFC) was richer by 45 cedis at 10,100 cedis; Mobil Oil Ghana Limited (MOGL) was up 50 cedis at 40,100 cedis; SG-SSB made three cedis at 31,006 cedis and Unilever (UNIL) gained 16 cedis at 20,566 cedis.

The only loser was Produce Buying Company, which lost 20 cedis to close at 3,920 cedis.

Market Capitalisation now stands at 96,313.47 billion cedis from 3,301.08 million issued shares.

The following are the last prices of listed equities in cedis:

ABL 700

AGA 300,000

AADs 3,005

ALW 12,500

BAT 7,802

CFAO 97 +2

CLYD 550 +50

CMLT 670

CPC 1,700 +39

EIC 17,305 +4

FML 6,910 +210

GBL 1,530

GCB 18,200 +98

GGL 12,006 +406

HFC 10,100 +45

MGL 275

MLC 3,100

MOGL 40,100 +50

PAF 760

PBC 3,900 -20

PZ 3,200

SCB 88,851

SPPC 390

SG-SSB 31,006 +3

SWL 290

TBL 30,000

UNIL 20,566 +16

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