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Business News of Wednesday, 27 August 2003

Source: GNA

Stock Index registers gains on back of 10 gainers

Accra, Aug. 27, GNA - Impressive gains by 10 equities led by the Trust Bank Limited (TBL) of the Gambia on Wednesday gave the All-Share Index of the Accra bourse another upward push. The main market index gained 14.61 points to end trading up at 2,524.17 points from 2,509.56 points.

Shares traded also saw an upward shift from 70,500 to 869,500 with British-American Tobacco (BAT) offloading the highest of 788,800 shares. The change for the year to date reached 80.90 per cent while the market capitalisation closed up at 9,963.85 billion cedis from 9,926.97 billion cedis.

On the broader market, there were 10 price changes, all positive. TBL gained 400 cedis at 7,000 cedis, Unilever Ghana went up by 149 cedis at 8,650 cedis, Ghana Commercial Bank rose by another 50 cedis at 8,100 cedis and Mobil Ghana Limited gained 48 cedis 24,050 cedis. Guinness Ghana Limited gained 11 cedis at 3,611 cedis, Produce Buying Company and SSB Bank gained 10 cedis each to close at 850 cedis and 7,810 cedis respectively with Fan Milk Limited picking four cedis at 2,930 cedis.

The other gainers were BAT with three cedis at 2,060 cedis and Standard Chartered Bank, which made two cedis at 58,502 cedis.

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

ABL 460 AGC 28,650 ALW 4,000 BAT 2,060 +3

CFAO 74 CPC 630 EIC 6,701 FML 2,930 +4

GBL 670 GCB 8,100 +50

GGL 3,611 +11

HFC 2,650 MGL 270 MLC 600 MOGL 24,050 +48

PAF 750 PBC 850 +10

PZ 2,254 SCB 58,502 +2 SPPC 390 SSB 7,810 +10 SWL 286 TBL 7,000 +400 UNIL 8,650 +149 CMLT 490