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Business News of Monday, 25 July 2005

Source: GNA

Stock indices continue to tumble

Accra, July 25, GNA - The Ghana Stock Exchange continued to be under heavy bearish pressure as the main indices tumbled once again in trading on Friday. The GSE All-Share Index, the main market indicator, fell by 63.51 points to close at 5,032.56 points. Change for the year-to-date stands at -25.98 per cent. On the broader market there were seven price changes - two up five down.

CFAO gained nine cedis at 380 cedis and Camelot was 30 cedis better at 1,750 cedis. Cocoa Processing Company was 50 cedis down at 750 cedis; Enterprise Insurance Company shed 500 cedis at 5,000 cedis; Guinness Ghana Breweries Limited lost 300 cedis at 6,000 cedis; Starwin Products Limited was 50 cedis poorer at 600 cedis and SG-SSB dropped by 500 cedis at 7,500 cedis.

Shares traded went up to 781,200 from 563,200 on Wednesday. Market capitalisation was poorer at 92,272.70 billion cedis from 92,450.70 billion cedis on Wednesday from 3,400.54 million issued shares.

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

ABL 1,480

AGA 300,000

AADs 3,000

ALW 5,000

BAT 4,000

BOPP 6,000

CAL 2,200

CFAO 380 +9

CLYD 1,300

CMLT 1,750 +30

CPC 750 -50

EIC 5,000 -500

FML 15,000

GCB 9,000

GGBL 6,000 -300

HFC 7,000

MGL 275

MLC 2,500

MOGL 38,000

PAF 800

PBC 3,000

PZ 6,400

SCB 134,000

SPL 600 -50

SPPC 390

SG-SSB 7,500 -500

SWL 290

TBL 27,900

UNIL 16,500