GSE makes weak start to the year

The Ghana Stock Exchange (GSE) made a weak start to the year, rising by a mere 0.05 points and only 33,200 shares changing hands.

The main market index, the GSE All-Share Index, which closed trading last year on 1,395.31 points, began the year on 1,395.36 points.

Only two equities - SSB Bank and Mechanical Lloyd Company (MLC)- appreciated, and by a paltry cedi each.

SSB Bank opened the year at 3,967 cedis while MLC opened the year at 271 cedis. Change for the year was 0.004 per cent. The bourse gained 45.96 per cent last year.

Ashanti Goldfields Company (AGC), which dominated the bourse late last year, was quiet. Traded volumes were higher at 32,200 from Monday's close of 19,70. Market capitalisation now stands at 6,183.95 billion cedis from 6,183.84 billion cedis.

The following are the last prices of listed equities in cedis:

ABL 390

AGC 27,000

ALW 3,700

BAT 1,001

CFAO 67

EIC 4,600

FML 1,785

GBL 500

GCB 3,516

GGL 1,050

HFC 955

MGL 254

MLC 271 +1

MOGL 19,730

PAF 750

PBC 390

PZ 2,005

SCB 28,700

SPPC 387

SSB 3,967 +1

SWL 285

TBL 4,850

UNIL 4,805

CMLT 460