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Business News of Thursday, 15 May 2003

Source: GNA

Guinness and Unilever maintain momentum of GSE

Gains by Guinness Ghana Limited and Unilever helped the Ghana Stock Exchange (GSE) to maintain its rise although institutional investors continued to stay away from the bourse.

Traded volumes rose from 46,800 shares to 264,200 shares, but 13 of the 25 listed equities did not do any business.

The All-Share Index, the benchmark measure, rose by 10.99 points to 1,810.79 points from 1,799.80 points on Wednesday

There were four price changes, all positive.

Unilever was 50 cedis up at 6,750 cedis, Guinness Ghana Limited gained 200 cedis at 2,000 cedis while Home Finance Company and Mechanical Lloyd gained one cedi each at 1,402 and 315 cedis respectively.

Change for the year ended up at 29.78 per cent.

Market capitalisation closed higher at 7,911.42 billion cedis at 7,884.68 billion cedis.