Ashanti Goldfields continues to soar on Accra bourse

The share price of Ashanti Goldfields Limited continued to soar on the Accra Bourse, gaining another 2,000 cedis after Friday's rise of 1,193 cedis following the threat of war in Iraq, which has boosted gold prices on the world market in recent times.
Gold, the precious metal, is currently trading on the world market at 345 dollars an ounce.
Ashanti Goldfields rose by 2,000 to end trading at 22,000 cedis lifting the GSE All Share Index, the main market gauge, up by 4.27 points.
The only other equity that saw a price change, Guinness Ghana Limited, went up by four cedis at 1,050 cedis.
Traded volumes continued to be low, ending at 187,200 cedis, although considerably higher than the 21,900 shares that changed hands on Friday.
AGC made the gain despite only 100 shares of the equity changing hands. Aluworks sold the highest number of 184,000 shares on a day that shares of only four out of the 24 registered equities changed hands, as institutional investors continued to adopt a wait and see attitude.
Market capitalisation now stands at 5,644.12 billion cedis, up from 5,289.21 billion cedis on Friday. Change for the year is now 44.72 per cent.
The following are the last prices of listed equities in cedis:
ABL 390
AGC 22,000 +2,000
ALW 3,700
BAT 1,001
CFAO 67
EIC 4,600
FML 1,785
GBL 500
GCB 3,516
GGL 1,050 +4
HFC 955
MGL 254
MLC 270
MOGL 19,730
PAF 750
PBC 390
PZ 2,001
SCB 28,002
SPPC 387
SSB 3,966
SWL 285
TBL 4,850
UNIL 4,805
CMLT 460