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Business News of Wednesday, 11 June 2008

Source: GNA

Accra bourse continues impressive strides

Accra, June 11, GNA - The Ghana Stock Exchange continues its impressive run on Wednesday with the (GSE) All-Share Index, the benchmark measure of the bourse, going up by 29.16 points.

The index rallied on the back of price gains in the various financial stocks to close at 10,067.66 points.

Change for the year to date now stands at 52.55 per cent. Traded volumes closed the session at 276,000 shares up from 242, 200 shares on Tuesday.

There were six price appreciations. Fan Milk Limited (FML) gained GH¢ 0.01 to close at GH¢ 3.52, State Insurance Company (SIC) was GH¢ 0.01 richer at GH¢ 0.63 and Ghana Oil company (GOIL) was up GH¢ 0.03 to close at GH¢ 0.35.

Other gainers were Enterprise Insurance Company Limited (EIC) with a rise of GH¢ 0.01 at GH¢ 2.22, Guinness Ghana Brewery Limited (GGBL) gained GH¢ 0.01 at GH¢ 2.07 and Ecobank Ghana went up by GH¢ 0.05 at GH¢ 3.42. Market capitalisation now stands at GH¢ 15,405.55 million.

The following are the closing prices of equities in Ghana cedis

Equities Share Code Closing Price in GH cedis

Accra Brewery Ltd ABL 0.115 Anglo Gold Ashanti AGA 30.00 Aluworks Limited ALW 0.68 Ayrton Drug Man. Ltd. AYRTN 0.16 Benso Oil Palm Plantation BOPP 1.29 Cal Bank Limited CAL 0.70 CFAO Ghana Limited CFAO 0.04 Clydestone Ghana Ltd CLYD 0.08 Camelot Ghana Limited CMLT 0.16 Cocoa Processing Com Ltd CPC 0.053

Ecobank Ghana Ltd EBG 3.42 +0.03

Enterprise Insurance Co. Ltd EIC 2.22 +0.01 Ecobank Transnational Inc. ETI 0.464 Fan Milk Limited FML 3.52 +0.01 Ghana Commercial Bank Ltd GCB 1.38

Guinness Ghana Breweries Ltd GGBL 2.07 +0.01 Ghana Oil Company GOIL 0.35 +0.03 Golden Star Resources GSR 3.10 Golden Web Ltd GWEB 0.055 HFC Bank Ltd HFC 0.62 Mechanical Llyod Co. Ltd MLC 0.21 Pioneer Kitchenware Ltd PKL 0.07 Produce Buying Company PBC 0.22 PZ Cussons Ghana Ltd PZ 0.88

Standard Chart. Bank Gh.Ltd SCB 29.80 SIC Insurance Company Limited SIC 0.63 +0.01

Starwin Products Limited SPL 0.05 Super Paper Products Co. Ltd SPPC 0.033 SG-SSB Limited SG-SSB 1.35 Sam Woode Limited SWL 0.0265 Trust Bank Ltd (Gambia) TBL 1.33 TOTAL Petroleum Ghana Ltd TOTAL 6.01 Transaction Solutions Gh.Ltd TRANSOL 0.11 Unilever Ghana Ltd UNIL 2.47 AngloGold Ashanti Depository Shares AADS 0.345