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Business News of Wednesday, 26 March 2008

Source: GNA

ETI leads rally on bourse

Accra, March 26, GNA - The GSE All Share Index, the benchmark measure of the Accra bourse, jumped a whopping 383.82 points, propelled by gains in Ecobank Transnational Incorporated, the second most capitalized equity.

The index rallied to close 7,604.45 points up from 7,220.63 points at the previous close on Tuesday.

Change year to date now stands at 16.22 per cent.

Traded volumes rose to 472,100 shares from 258,600 shares on Monday. On the broader market there were eight price changes - six positive and two negative.

Ecobank Ghana gained 0.04 GH cedis at 2.60 GH cedis, Enterprise Insurance Company was up 0.01 GH cedis at 1.80 GH cedis and Ecobank Transnational Incorporated went up 0.16 GH cedis at 1.50 GH cedis. Other gainers are Ghana Commercial Bank, which went up by 0.08 GH cedis at 1.30 GH cedis, SG-SSB was up 0.01 GH cedis at 1.49 GH cedis and Unilever gained 0.01 GH cedis at 2.22 GH cedis.

On the other hand GOIL lost 0.02 GH cedis to close 0.25 GH cedis and State Insurance Company went down 0.01 GH cedis to close at 0.37 GH cedis.

Market capitalisation ended the session stronger at 13,802.54 million GH cedis compared to 13,563.22 million GH cedis on Tuesday.

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 0.71

Ayrton Drug Man. Ltd. AYRTN 0.13

Benso Oil Palm Plantation BOPP 0.55

Cal Bank Limited CAL 0.70

CFAO Ghana Limited CFAO 0.035

Clydestone Ghana Ltd CLYD 0.08

Camelot Ghana Limited CMLT 0.17

Cocoa Processing Com Ltd CPC 0.053

Ecobank Ghana Ltd EBG 2.60 +0.04

Enterprise Insurance Co. Ltd EIC 1.80 +0.01

Ecobank Transnational Inc. ETI 1.50 +0.16

Fan Milk Limited FML 2.80

Ghana Commercial Bank Ltd GCB 1.30 +0.08

Guinness Ghana Breweries Ltd GGBL 1.45

Ghana Oil Company GOIL 0.25 -0.02

Golden Star Resources GSR 3.10

Golden Web Ltd GWEB 0.055

HFC Bank Ltd HFC 0.54

Mechanical Llyod Co. Ltd MLC 0.21

Pioneer Kitchenware Ltd PKL 0.08

Produce Buying Company PBC 0.24

PZ Cussons Ghana Ltd PZ 0.85

Standard Chart. Bank Gh.Ltd SCB 26.77

SIC Insurance Company Limited SIC 0.37 -0.01

Starwin Products Limited SPL 0.05 Super Paper Products Co. Ltd SPPC 0.033 SG-SSB Limited SG-SSB 1.49 +0.01 Sam Woode Limited SWL 0.0265 Trust Bank Ltd (Gambia) TBL 1.33 TOTAL Petroleum Ghana Ltd TOTAL 5.56

Transaction Solutions Gh.Ltd TRANSOL 0.12 Unilever Ghana Ltd UNIL 2.22 +0.01 AngloGold Ashanti Depository Shares AADS 0.345