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Business News of Wednesday, 9 June 2004

Source: GNA

Ghana Stock Exchange in strong performance

Accra, June 9, GNA - The Ghana Stock Exchange share market closed higher on Wednesday buoyed by positive investors' spending. The benchmark GSE-All Share Index rose 42.62 points in an active market to close at 6,924.56 points compared to Monday's close of 6,881.94 points.

Shares that changed hands were nine times stronger at 568,200 shares compared to 62,900 shares at the previous close on the back of investors buying 400,300 shares of CFAO.

On the broader market there were 11 positive price changes and a negative.

Standard Chartered Bank (SCB) continued its upward surge with a price appreciation of 2,894 cedis at 95,000 cedis, SG-SSB gained 420 cedis at 31,500 cedis, Unilever (UNIL) went up five cedis at 20,685 cedis, Accra Brewery Limited (ABL) was richer by 90 cedis at 990 cedis and Anglo Gold Ashanti Depository (AADs) was up one cedi at 3,006 cedis. CFAO gained nine cedis at 106 cedis, Clydstone (CLYD) went up 15 cedis at 665 cedis, Camelot (CMLT) was up 75 cedis at 760 cedis, Cocoa Processing Company (CPC), gained five cedis at 1,762 cedis, Fan Milk went up 90 cedis at 7,300 cedis and Guinness Ghana Limited (GGL) was higher by five cedis at 12,126 cedis.

Aluworks (ALW), the only loser for the session, shed 100 cedis to close at 12,400 cedis.

Market Capitalisation was stronger at 96,624.68 billion cedis up from 96,515.45 billion cedis on Monday from 3,301.08 million issued shares.

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

ABL 990 +90

AGA 300,000

AADs 3,006 +1

ALW 12,400 -100

BAT 7,802

CFAO 106 +9

CLYD 665 +15

CMLT 760 +75

CPC 1,762 +5

EIC 17,310

FML 7,300 +90

GBL 1,500

GCB 18,200

GGL 12,126 +5

HFC 10,108 MGL 275

MLC 3,100

MOGL 40,200 PAF 760

PBC 3,850

PZ 3,351

SCB 95,000 +2,894 SPPC 390

SG-SSB 31,500 +420 SWL 290

TBL 31,300

UNIL 20,685 +5