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Business News of Thursday, 26 July 2007

Source: GNA

HFC Bank loss causes GSE index to end week down

Accra, July 26, GNA - A significant loss by HFC Bank in trading on Friday caused the main gauge of Ghana Stock Exchange to end the week down.

The Index lost 6.79 points at 5,355.39 points from 5,362.18 points while change for the year was also lower at 6.79 per cent from 7.11 per cent on Thursday.

Total shares that changed hands went up by about three times at 329,800 from 113,700 on Thursday.

There were nine price changes, eight up and one down, with HFC losing GH 0.0450 cedis at GH 0.4950 cedis.

CAL Bank gained GH 0.0001 cedis at GH 0.3203 cedis, Ecobank Ghana was GH 0.0004 at GH 1.4815 cedis, Enterprise Insurance Company was GH 0.0090 cedis better at 1.0600 GH cedis while Ghana Commercial Bank gained 0.0002 GH cedis at 0.6862 GH cedis.

Guinness Ghana Breweries Limited was 0.0005 GH cedis up at 0.9601 GH cedis, Standard Chartered Bank gained 0.0100 GH cedis at 18.0800 GH cedis, SG-SSB inched up by 0.0001 GH cedis at 0.9001 GH cedis and TOTAL Petroleum was 0.0005 GH cedis better at 5.4460 GH cedis. Market capitalization was GH cedis 11,512.22 from GH cedis 11,516.11 million cedis.

The following are the prices of equities in cedis:

Equities Full Name Share Code Closing Price in GH cedis

Accra Brewery Ltd ABL 0.1150

Anglo Gold Ashanti AGA 30.000

Aluworks Limited ALW 0.7400

Ayrton Drug manufacturing Ltd AYRTN 0.0976

British American Tobacco Ltd BAT 0.4266

Benso Oil Palm Plantation BOPP 0.5000

Cal Bank Limited CAL 0.3203 +0.0001

CFAO Ghana Limited CFAO 0.0350

Clydestone Ghana Ltd CLYD 0.0800

Camelot Ghana Limited CMLT 0.1700

Cocoa Processing Company Ltd CPC 0.0530

Ecobank Ghana Ltd EBG 1.4815 +0.0004

Enterprise Insurance Co. Ltd EIC 1.0600 +0.0090

Ecobank Transnational Inc. ETI 1.1650

Fan Milk Limited FML 1.9650

Ghana Commercial Bank Ltd GCB 0.6862 +0.0002

Guinness Ghana Breweries Ltd GGBL 0.9601 +0.0005

Golden Web Ltd GWEB 0.0550

HFC Bank Ltd HFC 0.4950 -0.0450

Mechanical Llyod Co. Ltd MLC 0.2100

Pioneer Kitchenware Ltd PKL 0.0800

Produce Buying Company PBC 0.2600

PZ Cussons Ghana Ltd PZ 0.7205

Standard Chartered Bank Gh. Ltd SCB 18.0800 +0.0100

Starwin Products Limited SPL 0.0550

Super Paper Products Co. Ltd SPPC 0.0203

SG-SSB Limited SG-SSB 0.9001 +0.0001

Sam Woode Limited SWL 0.0265

Trust Bank Ltd (Gambia) TBL 1.3250

TOTAL Petroleum Ghana Ltd TOTAL 5.4460 +0.0005

Transaction Solutions (Ghana) Ltd TRANSOL 0.1200

Unilever Ghana Ltd UNIL 1.9026

AngloGold Ashanti Depository Shares AADS 0.3430