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Business News of Tuesday, 25 August 2009

Source: GNA

Ecobank Ghana's gain pushes up market index

Accra, Aug. 25, GNA - A healthy gain by Ecobank Ghana Limited in trading on Tuesday pushed up the main market indicator, the GSE All-Share index, by 30.37 points to 5,327.27 points from 5,296.90 points.

This has brought the change for the year to date to -48.93 per cent.

Traded volumes more than doubled at 774,100 from 331,600 while market capitalization also appreciated to GH¢15,210.22 million GH¢15,188.11 million on Monday.

State Insurance Company sold 652,500 shares during the day. There were two price changes, both positive.

Ecobank Ghana gained GH¢0.10 to close GH¢2.90 while State Insurance Company was GH¢0.01 better at GH¢0.23.