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Business News of Friday, 25 July 2003

Source: GNA

GSE continues to rise but volumes low

Accra, July 25, GNA - The Ghana Stock Exchange All-Share Index, the main stock gauge, maintained its impressive performance on Friday but traded volumes remained low.

The GSE All-Share Index went up by 11.94 points at 2,272.44 points, but only 85,900 shares were traded by 16 of the 24 listed equities, down from 166,100 shares while Change for the year went up to 62.86 per cent. In the broader market, there were nine price changes, all positive. Fan Milk Limited led the way with 132 cedis at 2,650 cedis, Unilever was up by 100 cedis at 7,600 cedis, Ghana Commercial Bank rose by 89 cedis at 6,900 cedis and Enterprise Insurance Limited gained 80 cedis at 6,100 cedis.

Produce Buying Company gained 10 cedis at 610 cedis, British American Tobacco was six cedis richer at 1,920 cedis, SSB Bank gained two cedis at 7,320 cedis, Standard Chartered Bank inched up by one cedi at 53,001 cedis and Mobil Oil Ghana Limited also went up by one cedi at 23,001 cedis.

Market capitalisation ended at 9,167.61 billion cedis from 9,138.29 billion cedis on Wednesday.

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

ABL 460 AGC 28,650 ALW 4,000 BAT 1,920 +6 CFAO 74 CPC 630 EIC 6,100 +80 FML 2,650 +132 GBL 552 GCB 6,900 +89 GGL 3,500 HFC 2,600 MGL 258 MLC 467 MOGL 23,001 +1 PAF 750 PBC 610 +10 PZ 2,202 SCB 53,001 +1 SPPC 390 SSB 7,320 +2 SWL 285 TBL 6,000 UNIL 7,600 +100 CMLT 460