Shares dip in unimpressive session

Accra, Aug. 18, GNA - Total shares traded on the Ghana Stock Exchange (GSE) dipped to 34,400 from 478,000 registered last Friday, but the main market index ended the day higher.

The GSE All-Share Index, the main maret gauge, rose by 4.12 points to finish at 2,425.76 points against the 2,421.64 posted in the last trading session.

There were four price appreciations with no decliners. The change for the year to date ended up at 73.85 per cent.

In the broader market, Produce Buying Company scooped the highest price appreciation of 18 cedis ending at 780 cedis while Ghana Commercial Bank, with a breather from government pressure to divest its remaining 46.8 per cent shares, made 10 cedis to open the week higher at 7,621 cedis.

Fan Milk Limited gained two cedis to finish trading at 2,926 cedis while British American Tobacco edged up by a cedi to end at 2,051 cedis. Market capitalization was 9,715.30 billion cedis from the 3,049.64 issued shares as compared to the 9,704.90 billion cedis posted at the close of business on Friday.

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

ABL 460 AGC 28,650 ALW 4,000

BAT 2,051 +1 CFAO 74 CPC 630 EIC 6,600

FML 2,926 +2 GBL 552

GCB 7,621 +10 GGL 3,600

HFC 2,650 MGL 258 MLC 600 MOGL 24,002

PAF 750 PBC 780 +18

PZ 2,253 SCB 57,002

SPPC 390 SSB 7,510 SWL 285 TBL 6,600 UNIL 8,110 CMLT 490