Business News of Wednesday, 30 June 2004

Source: GNA

GSE All-Share Index dropped marginally

Accra, June 30, GNA - The GSE All-Share Index, the main market dropped marginally at 5.35 points on Wednesday to close mid-week trading.

The Index, which made moderate gain at the previous close, dropped to 7,045.40 points on Wednesday from 7,050.75 points on Monday. Total shares that changed hands, however, rose to 525,900 shares from 299,800 shares on Monday.

Change for the year to date dropped slightly at 98.27 per cent from 98.42 per cent.

On a broader market, there were 10 price changes, nine positive and one negative.

Unilever, the highest, gained 100 cedis to close at 22,600, Clydestone made 15 cedis at 900 cedis, Fan Milk Limited went up 10 cedis at 7,810 cedis, Accra Brewery Limited gained eight cedis at 1,168 cedis. CFAO and PAF made five cedis each at 115 cedis and 770 cedis, respectively; PZ went up four cedis at 3,355 cedis and Mobil Oil Ghana Limited and Standard Chartered Bank made one cedi each to close at 42,001 cedis and 96,002 cedis respectively. Produce Buying Company, the only loser, lost 50 cedis at 3,650 cedis.

Market capitalization dropped slightly at 96,959.71 billion cedis from 3,321.08 issued shares compared to 96,973.42 billion cedis at the previous close.

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

ABL 1,168 +8

AGA 300,000

AADs 3,006

ALW 12,300

BAT 7,802

CFAO 115 +5 CLYD 900 +15 CMLT 780 CPC 1,950 EIC 18,000 FML 7,810 +10 GBL 1,500 GCB 18,000 GGL 12,500 HFC 10,108 MGL 275 MLC 3,100 MOGL 42,001 +1 PAF 770 +5 PBC 3,650 -50 PZ 3,355 +4 SCB 96,002 +1 SPPC 390 SG-SSB 31,752 SWL 290 TBL 31,500 UNIL 22,600 +100