SCB gives stock index a healthy boost

Accra, Aug. 6, GNA - Standard Chartered Bank Limited (SCB), the highest priced equity on the Ghana Stock Exchange (GSE) on Wednesday gave the All Share Index, the key market gauge a healthy boost as it resurrected again with a 2,000 cedis price appreciation. SCB has in the past weeks registered impressive gains. The equity, along with six other gainers pushed the All-Share Index up by 38.71 points to close mid-week trading at 2,380.89 points from 2,342.18 points.

Twelve equities managed to sell a significant 234,900 shares in a demand driven market that saw offer prices quoted for only four equities. Shares traded on Monday were 34,300.

In the broader market, there were seven price changes. SCB gained 2,000 cedis to close at 57,000 cedis, Ghana Commercial Bank (GCB) was up 176 cedis at 7,400 cedis and Unilever Ghana Limited (UNIL) went up 95 cedis to close at 7,700 cedis.

Produce Buying Company (PBC) made 50 cedis to close at 750 cedis while the British-American Tobacco Company (BAT) registered 11 cedis to end at 1,935 cedis. Fan Milk Limited (FML) and SSB Bank gained three cedis each to close trading at 2,920 cedis and 7,404 cedis respectively. Market capitalization went up to 9,433.85 billion cedis from 9,338.81 billion cedis.

Change in the year fixed at 70.64 per cent.

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

ABL 460 AGC 28,650 ALW 4,000 BAT 1,935 +11

CFAO 74 CPC 630 EIC 6,100 FML 2,920 +3 GBL 552 GCB 7,400 +176

GGL 3,600 HFC 2,650 MGL 258 MLC 600 MOGL 24,000 PAF 750

PBC 750 +50 PZ 2,253 SCB 57,000 +2,000

SPPC 390 SSB 7,404 +3 SWL 285 TBL 6,000 UNIL 7,700 +95 CMLT 460