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Business News of Thursday, 8 July 2010

Source: GNA

GSE All-Share Index tumbles by 83.21 points

Accra, July 8, GNA - Losses by five financial and one manufacturing equities sent the GSE All-Share Index, the main market indicator, tumblin g by 83.21 points to 6,445.07 points from 6,528.28 points during Thursday trading on the Accra Bourse. The change year to date was 15.66 points down from 17.16 points duri ng the previous trading. Total shares traded was 326,355 valued at GH¢315,457.59. Ghana Commercial Bank (GCB) led the pack with trading in 180,800 shares valued at GH¢275,828.00. It was followed by Cocoa Processing Company Limited (CPC ) with 47,900 shares valued at GH¢958.00 and SIC Insurance Company with 4 0,600 shares valued at GH¢13,526.00 traded. Shares of 14 other equities were also traded. On the broader market, Standard Chartered Bank (SCB) the most valuab le equity on the Bourse lost GH¢2.35 to close trading at GH¢40.55; it wa s followed by Enterprise Insurance Company Limited (EIC) with a loss of GH¢0.07 to close at GH¢1.60 and GCB with a loss of GH¢0.04 to close at GH¢1.52. The other losers were SG-SSB with a loss of GH¢0.02 to close at GH¢0.54; HFC Bank Ghana Limited also lost GH¢0.02 to close at GH¢0. 57 and Aryton Drug Manufacturing Limited with a loss of GH¢0.01 to close tradi ng at GH¢0.16. The silver linings of the dark cloud were Unilever Ghana Limited (UN IL) with a gain of GH¢0.05 to close trading at GH¢3.65; SIC Insurance Com pany Limited (SIC) gained GH¢0.01 to close at GH¢0.34 while Benso Oil Palm

Plantation (BOPP) also appreciated by GH¢0.01 to close trading at GH¢ 0.75. There are 17.48 million issued shares and Market Capitalization of GH¢18,127.22 million.