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Business News of Tuesday, 23 September 1997

Source: --

At The Stoxk Exchange

Accra, (Greater Accra) 22 Sept.,

Trading on the Ghana Stock Exchange was thin today as volume of shares exchanging hands dropped significantly. However, the GSE All-Share Index climbed slightly by 0.24 points to open the week at 439.13 points. Traded volume slumped to 19,000 shares compared to the 397,800 posted during trading on Friday. Bids which stood at 8,002,900 outnumbered offers of 390,250. There were high demands for the shares of Kumasi Brewery Limited (KBL), Guinness Ghana Limited (GGL) Pioneer Tobacco Company (PTC), Standard Chartered Bank (SCB) and Super Paper Products (SPPC). Demand for KBL was 350,000 shares, GGL 4,006,300, PTC 3,036,200, SCB 232,800 and SPPC 204,200. Market capitalisation went up slightly to 2,771.81 billion cedis against 2,771.46 registered at the previous session. On the broader market, there were three gainers and a loser. Mobil Oil Ghana Limited (MOGL) made five cedis to open the week at 6,025 cedis while PTC gained three cedis to finish at 368 cedis. GGL was richer by one cedi, closing at 428 cedis. CFAO was the only losing stock, slipping by one cedi to end at 39 cedis. The following are the last prices of listed equities quoted in cedis:

ABL 655 AGC 20,200 ALW 1,500 CFAO 39 -1 EIC 590 FML 422 GCB 700 GGL 428 +1 HFC 172 KBL 865 MGL 175 MLC 187 MOGL 6,025 +5 PAF 156 PTC 368 +3 PZ 330 SCB 7,120 SPPC 110 SSB 1,430 UNIL 940 UTC-E 105