Modest gains in two equities push main market index up

Accra (Greater Accra) 25 May '99

Modest gains by two equities, Guinness Ghana Limited (GGL) and SSB Bank (SSB), on Monday pushed the Ghana Stock Exchange (GSE) All-Share Index up by 0.68 points to open the week at 819.31 points.

This reflected in the market capitalisation, which also finished higher at 3,321.31 billion cedis, up from Friday's 3,320.24 billion cedis.

Despite the upward shift in the main market index, volume of shares traded fell heavily from 223,800 to 27,500 shares.

Offers finished higher at 3.7 million shares compared to the previous 2.8 million with British-American Tobacco Company (BAT) posting two million shares at 380 cedis.

Bids stood at 559,000, down from the previous 764,500 shares with nine equities, including Ashanti Goldfields Company (AGC), Accra Brewery Limited (ABL), Home Finance Company (HFC) and Standard Chartered Bank (SCB), not making any sale as there was no bid.

In the broader market, there were three price changes, two gains and a loss.

Guinness Ghana Limited (GGL) gained 10 cedis at 930 cedis while SSB closed at 1,662 cedis with a two-cedi gain.

Unilever Ghana Limited (UNIL) lost four cedis to finish the day at 1,735 cedis.

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

ABL 650

AGC 18,700

ALW 2,800

BAT 380

CFAO 50

EIC 2,000

FML 1,260

GBL 1,900

GCB 1,000

GGL 930 +10

HFC 750

MGL 225

MLC 220

MOGL 16,800

PAF 340

PZ 850

SCB 23,950

SPPC 244

SSB 1,662 +2

UNIL 1,735 -4

UTC-E 125