Big PBC loss brings down market indices

A 40-cedi loss by Produce Buying Company (PBC) during trading on Wednesday negatively affected the main market gauge, the GSE All-Share Index and other indices, despite gains by six other equities.

The index ended down 9.17 points at 1,304.24 points from 1,313.41 points with PBC, the sixth most capitalised equity on the bourse at 480 billion cedis, ending the day at 400 cedis.

The change in the year to date was lower at 36.43 per cent from 37.39 per cent on Friday while market capitalisation was also lower at 4,848.15 from 4,866.07 billion cedis. Shares traded slumped further to 21,000 shares from 43,000 shares. In the broader market, there were seven price changes, six positive one negative.

PBC was 40 cedis poorer at 400 cedis, Enterprise Insurance Company gained 10 cedis at 4,510 cedis, Standard Chartered Bank gained 15 cedis at 26,020 cedis, and SSB Bank was six cedis higher at 3,872 cedis.

Ghana Commercial Bank gained three cedis at 3,311 cedis, Mobil Oil Ghana Limited was five cedis higher at 19,710 cedis and Unilever was two cedis richer at 4,217 cedis.

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

ABL 380

AGC 18,801

ALW 4,000

BAT 950

CFAO 66

EIC 4,510 +10

FML 1,627

GBL 900

GCB 3,331 +3

GGL 912

HFC 955

MGL 254

MLC 261

MOGL 19,710 +5

PAF 750

PBC 400 -40

PZ 1,850

SCB 26,020 +15

SPPC 387

SSB 3,872 +6

SWL 285

UNIL 4,217 +2

CMLT 460