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Business News of Monday, 14 December 2009

Source: GNA

Accra bourse falls on loss of three equities

Accra, Dec. 14, GNA - The Ghana Stock Exchange closed lower on Monday, pulled down by price losses in Ghana Commercial Bank (GCB), State Insurance Company (SIC) and Unilever Ghana Limited (UNIL).

As a result, the GSE-All Share Index, the benchmark measure of performance on the Accra bourse, fell by 7.18 points to close at 5,237.28 points down from 5,244.46 points.

Monday's drop brings the year-to-date loss to 49.79 per cent. Traded volumes closed the session at 109,520 shares, with CFAO, leading with a sale of 60,000 shares.

On the broader market, there were three negative price changes. GCB lost GH¢0.01 at GH¢0.74, SIC was down by GH¢0.01 at GH¢0.29 and U= NIL dropped by GH¢0.01 at GH¢3.40.

Market Capitalisation ended the session at GH¢15,522.03 million.