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Business News of Wednesday, 7 May 2008

Source: GNA

Stock maintains momentum

Accra, May 7, GNA - The Ghana Stock Exchange (GSE) All-Share Index, the benchmark indicator of the bourse, continued its rise in trading on Wednesday by gaining 9.22 points to close at 9,394.55 from 9,385.33 points.

Change for the year to date now stands at 42.45 per cent from 42.21 per cent. Traded volumes closed higher at 462,800 from 230,900 shares on Tuesday.

On the broader market there were seven price changes, all positive. Benso Oil Palm Plantation (BOPP) gained GH¢ 0.01 to close at GH¢ 0.74, Ecobank Ghana Limited (EBG) was up GH¢ 0.01 at GH¢ 3.04, Enterprise Insurance Company went up GH¢ 0.02 at GH¢ 1.92; Fan Milk Limited was GH¢ 0.01 at GH¢ 3.20; PZ gained GH¢ 0.01 at GH¢ 0.87 SIC gained GH¢ 0.01 at GH¢ 0.44 and Unilever went up by GH¢ 0.02 to close GH¢ 2.31.

Market capitalisation closed the trading session higher at GH¢ 14,926.40 compared to GH¢ 14,920.25 million at the previous close on Tuesday.

The following are the closing prices of equities in Ghana cedis

Equities Share Code Closing Price in GH cedis

Accra Brewery Ltd ABL 0.115 Anglo Gold Ashanti AGA 30.00 Aluworks Limited ALW 0.71 Ayrton Drug Man. Ltd. AYRTN 0.15 Benso Oil Palm Plantation BOPP 0.74 +0.01 Cal Bank Limited CAL 0.62 CFAO Ghana Limited CFAO 0.035 Clydestone Ghana Ltd CLYD 0.08 Camelot Ghana Limited CMLT 0.17 Cocoa Processing Com Ltd CPC 0.053

Ecobank Ghana Ltd EBG 3.04 +0.01

Enterprise Insurance Co. Ltd EIC 1.92 +0.02

Ecobank Transnational Inc. ETI 2.20

Fan Milk Limited FML 3.20 +0.01

Ghana Commercial Bank Ltd GCB 1.38

Guinness Ghana Breweries Ltd GGBL 1.66 Ghana Oil Company GOIL 0.26 Golden Star Resources GSR 3.10 Golden Web Ltd GWEB 0.055 HFC Bank Ltd HFC 0.61 Mechanical Llyod Co. Ltd MLC 0.21 Pioneer Kitchenware Ltd PKL 0.08 Produce Buying Company PBC 0.24 PZ Cussons Ghana Ltd PZ 0.87 +0.01

Standard Chart. Bank Gh.Ltd SCB 27.00 SIC Insurance Company Limited SIC 0.44 +0.01

Starwin Products Limited SPL 0.05 Super Paper Products Co. Ltd SPPC 0.033 SG-SSB Limited SG-SSB 1.48 Sam Woode Limited SWL 0.0265 Trust Bank Ltd (Gambia) TBL 1.33 TOTAL Petroleum Ghana Ltd TOTAL 6.00 Transaction Solutions Gh.Ltd TRANSOL 0.12 Unilever Ghana Ltd UNIL 2.31 +0.02 AngloGold Ashanti Depository Shares AADS 0.345