Shares Extend Gains In Low Volumes

Accra, (Greater Accra) 29 Oct. Shares on the stock market today finished a quite active session firmer, but volumes continued to trade in narrow ranges. The GSE All Share Index closed a touch stronger by 0.83 points at 488.14 points, up from Monday's 487.13 points close. The market's upturn was sustained by a new wave of investors' interest in equities which pushed up demand to 8.8 million shares as against 438,745 shares offered. In the broader market, four equities gained and one declined on an improved but low volume of 81,200 shares. Monday's trading recorded the lowest volume so far in the year at 6,590 shares. Mobil Oil Ghana Limited (MOGL) led gainers with 225 cedis more to close at 6,750 cedis, followed by Enterprise Insurance Company (EIC) with 17 cedis at 690 cedis while Super Paper Products Company (SPPC) rose 15 cedis to 140 and Fan Milk Limited (FML) climbed five cedis to 525 cedis. The lone decliner was CFAO which lost five cedis to finish at 525 cedis with the remaining equities mataining their previous levels. The following are the last prices of listed equities quoted in cedis:

ABL 695 AGC 21,100 ALW 2,350 CFAO 38 -2 EIC 690 +17 FML 525 +5 GCB 718 GGL 645 HFC 172 KBL 960 MGL 175 MLC 195 MOGL 6,750 +225 PAF 170 PTC 390 PZ 329 SCB 7,300 SPPC 140 +15 SSB 1,680 UNIL 936 UTC-E 105