Mobil Oil Registers 100 cedis Gain On Stock Exchange

ACCRA, Ghana (PANA) - Mobil Ghana Limited, the third highest priced equity, Wednesday registered a 100-cedi gain in price to push the Ghana Stock Exchange All-Share Index up to 740.36 points.

The index, the main market indicator, had for the previous two trading sessions of Friday and Monday recorded no gain at 740.07 points as none of the 22 listed equities appreciated in price.

The market index thus gained 0.29 points on the strength of the gain in Mobil Ghana Limited at mid-week trading to bring the change in the year to date to 0.57 percent.

Market capitalisation closed the day higher from 3,211.56 billion cedis to 3,212,04 billion cedis.

Other market indicators recorded higher volumes but brokers say the figures are still on the low level.

Total shares traded shot up from 11,600 to 153,600 shares with almost all the listed equities making a total offer of 558,090 up from Monday's 361,260 shares.

Total demand fixed at 164,050 compared to only 26,750 shares demanded at the previous session.

In the broader market, there were three price changes - two up and one down.

Mobil Ghana Limited gained 100 cedis at 14,000 cedis with Guinness Ghana Limited adding a cedi to its price to reach 951 cedis.

The only loser was Pioneer Aluminium Factory. It lost three cedis at 295 cedis.