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Business News of Wednesday, 29 August 2007

Source: GNA

Two financial stocks push up stock index

Accra, Aug. 29, GNA - Gains by two financial stocks on Wednesday pushed up the main stock index of the Ghana Stock Exchange (GSE) as volumes traded remained high for the second day running. The GSE All-Share Index rose by 22.13 points at 5,557.11 points from 5,534.98 points.

Change for the year ended higher at 11.01 per cent. Shares that changed hands were 4,844,300 from Tuesday's 7,090,900. On Wednesday, Ghana Commercial Bank (GCB) sold 4,073,200 with Aryton selling 646,300 cedis. Market capitalisation ended better at 11,707.54 million GH cedis from 11,694.01 GH cedis.

There were two price changes, both positive. GCB gained 0.0500 GH cedis at 0.9500 GH cedis and SG-SSB was better by 0.0020 GH cedis at 0.9320 GH cedis.