Ghana Stock Exchange records dull session

Accra,(Greater Accra) 14 Oct. '98 Trading on the Ghana Stock Exchange (GSE) continued to be dull with the slump in the share prices of two major equities pulling down the GSE All-Share Index by 10 points. The market index closed at 842.24 points down from the previous 852.24 points. Guinness Ghana Limited (GGL) dropped a huge 105 cedis to finish at 795 cedis while Unilever lost 50 cedis to close at 1,950 cedis.

The only gainer was Mechanical Lloyd Ghana Limited (MGL) which earned 11 cedis to end at 150 cedis.

Total shares traded closed slightly higher at 44,620 compared to Monday's 11,200. Ghana Commercial Bank (GCB) sold the highest number of shares of 16,000 followed by Guinness Ghana Limited (GGL) which sold 10,100 while AGC sold the lowest of 20 shares.

Total shares offered were 4,092,380 far ahead of demand of 516,720. Market capitalisation closed lower at 3,091.10 billion cedis compared with the previous close of 3,106.50 billion cedis.

ABL 1,100

AGC 17,000

ALW 2,800

CFAO 69

EIC 2,440

FML 1,608

GBL 2,350

GCB 1,161

GGL 795 -105

HFC 750

MGL 150 +11

MLC 200

MOGL 14,000

PAF 400

PTC 565

PZ 1,000

SCB 21,000

SPPC 250

SSB 2,000

UNIL 1,950 -50

UTC-E 120

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