Business News of Friday, 7 January 2011

Source: GNA

Accra bourse index closes week higher

Accra, Jan. 7, GNA - The GSE-Composite Index (GSE-CI), the benchmark measure of performance of the Ghana Stock Exchange, gained 1.61 points to 995.50 points from 993.89 points with a year-to-date market return of -0.45 percent. The GSE-Financial Stocks Index (GSE-FSI), which tracks the performance of listed financial stocks, however, closed the session flat at 984.69 points with a resultant year-to-date market return of -1.53 percent. On the broader market, there were three price changes. Cocoa Processing Company (CPC) went up GH¢0.01 to GH¢0.03 and Guinn= ess Ghana Breweries Limited (GGBL) gained GH¢0.01 to GH¢1.57. On the other hand, Fan Milk (FML) dipped GH¢0.04 to GH¢2.40. This brings the market capitalization to GH¢20,014.02 million. The market posted a trade of 271,954 shares valued at GH¢302,913.67.