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Business News of Friday, 22 August 2003

Source: GNA

Market Index posts another impressive performance at weekend trading

Accra, Aug. 22, GNA - The Ghana Stock Exchange's (GSE) All-Share Index, on Friday posted another impressive performance as the benchmark measure gained 25.4 points to close weekend trading up at 2,484.26 points from 2,458.86 points.

The gain was mainly on the back of Standard Chartered Bank (SCB), the highest priced equity, which gained 1,498 cedis after about two weeks of inactivity.

Volume of shares traded dropped significantly from 1.2 million to 101,000 shares.

The change for the year to date closed at 78.04 per cent. In the broader market, there were six price changes all positive. SCB gained 1,498 cedis to finish trading at 58,500 cedis, Ghana Commercial Bank (GCB) was up 179 cedis at 8,000 cedis, SSB Bank (SSB) gained 100 cedis at 7,700 cedis and Ghana Breweries Limited (GBL) made three cedis to close at 555 cedis.

Unilever Ghana Limited (UNIL) and the British-American Tobacco Company (BAT) gained a cedi each to close the week's trading at 8,501 cedis and 2,053 cedis, respectively.

Market capitalization was up at 9,863.06 billion cedis from 9,798.91 billion cedis recorded on Wednesday.

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

ABL 460 AGC 28,650 ALW 4,000 BAT 2,053 +1 CFAO 74 CPC 630 EIC 6,700 FML 2,926 GBL 555 +3 GCB 8,000 +179 GGL 3,600 HFC 2,650 MGL 258 MLC 600 MOGL 24,002 PAF 750 PBC 820 PZ 2,254 SCB 58,500 +1,498 SPPC 390 SSB 7,700 +100 SWL 286 TBL 6,600 UNIL 8,501 +1 CMLT 490