Market indicators records significant gains in buoyant market

Accra, Nov. 5, GNA - Share prices of three 'heavy weight' equities (with high market capitalization), on Wednesday rallied with five others at mid-week trading to lift market indicators of the Accra Bourse from the dull performance it recorded on Monday.

The three, Ghana Commercial Bank (GCB), Standard Chartered Bank (SCB) and the SSB Bank (SSB) gained more than 100 cedis each to lift the All-Share Index of the GSE by 33.87 points to close trading at 2,940.12 points.

The All-Share Index fixed at 2,906.25 points on Monday. Volume of shares traded climbed to 554,100 from only 20,600 shares that changed hands at the previous session. The change in the year reached 110.71 per cent with market capitalization also moving up to 11,054.81 billion cedis from 10,969.26 billion cedis.

In the broader market, there were eight price changes - all positive.

GCB gained 190 cedis at 6,200 cedis, SCB made a cedi at 59,004 cedis, SSB was richer by 198 cedis at 16,200 cedis with Ghana Breweries Limited (GBL) making 74 cedis at 980 cedis.

The Trust Bank Limited (TBL) of the Gambia gained the highest of 399 cedis to close trading at 8,200 cedis, British-American Tobacco gained 47 cedis at 2,950 cedis while Enterprise Insurance Commission (EIC) and Guinness Ghana Limited (GGL) earned a cedi each at 7,501 cedis and 4,801 cedis, respectively.

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

ABL 460 AGC 28,650 ALW 4,000

BAT 2,950 +47 CFAO 74 CPC 630

EIC 7,501 +1 FML 3,520

GBL 980 +74

GCB 6,200 +190

GGL 4,801 +1 HFC 3,200 MGL 271

MLC 655

MOGL 24,500 PAF 740 PBC 1,300 PZ 2,600

SCB 59,004 +1 SPPC 390

SSB 16,200 +198 SWL 288 TBL 8,200 +399 UNIL 10,505 CMLT 520