Market indicator takes another dip in thin trading

Accra (Greater Accra), 11 Jan. '99 -

The GSE All-Share Index took another

dip in thin trading today, going down by 4.34 points.

The market indicator opened the week lower at 866.18 points compared to

the 870.52 registered on Friday.

Only 31,720 shares were traded from an offer of 2.6 million. Demand

closed at 348,000.

Market capitalisation was, however, up on the strength of gains

in the share prices of Ashanti Goldfields Company (AGC) and Mobil Oil Ghana

Limited (MOGL) to 3,312.42 billion cedis from the 3,308.67 billion cedis posted

on Friday.

In the broader market, six equities saw price changes, five

appreciations and one decliner.

AGC took another leap today, registering a 100-cedi gain to finish

at 18,500 cedis. This was after its 400 cedis gain at the last session which

stemmed from renewed interest and higher prices for gold commodity on the

international market.

MOGL also gained 100 cedis to close at 17,100 cedis.

CFAO and Unilever went up by five cedis each to end at 55 cedis and

1,615 cedis respectively. SSB inched up by one cedi to close at 2,251 cedis.

The lone loser was Ghana Commercial Bank which ended at 1,150 cedis

after dropping 50 cedis.

The following are the last prices of listed equities :

ABL 800

AGC 18,500 + 100

ALW 2,600

CFAO 55 +5

EIC 2,400

FML 1,500

GBL 2,000

GCB 1,150 -50

GGL 900

HFC 750

MGL 200

MLC 200

MOGL 17,100 +100

PAF 400

PTC 400

PZ 900

SCB 24,000

SPPC 251

SSB 2,251 +1

UNIL 1,615 +5

UTC-E 125