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Business News Wed, 7 Jan 2004

Accra bourse registers healthy gain

Accra, Jan. 7, GNA - The benchmark GSE-All Share Index made a healthy gain of 73.01 points, pushed up by strong performances of two banking stocks - Standard Chartered Bank, the highest priced equity, and Ghana Commercial Bank.

The index ended the day at 3,633.03 points with change for the year edging up at 2.24 points.

Total shares traded jumped up to 561,000 cedis from a low of 8,900 shares recorded last Monday.

There were eight price changes with Standard Chartered Bank climbing higher to 67,000 cedis following a gain of 5,999 cedis. Ghana Commercial Bank also made a healthy gain of 424 cedis at 8,600 cedis, British American Tobacco rose by 101 cedis at 5,501 cedis; Unilever gained five cedis at 14,055 cedis and Guinness Ghana Limited was also five cedis better at 5,666 cedis.

Mobil Oil Ghana Limited gained four cedis at 35,005 cedis, Homer Finance Company ended one cedi up at 4,001 and Cocoa Products Company was also one cedi better at 631 cedis.

Market capitalisation increased to 12,817.85 billion cedis from 12,633.47 billion cedis.

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

ABL 552

AGC 28,650

ALW 4,000

BAT 5,501 +101

CFAO 75

CMLT 550

CPC 631 +1

EIC 10,500

FML 3,800

GBL 1,460

GCB 8,600 +424

GGL 5,666 +5

HFC 4,001 +1

MGL 275

MLC 700

MOGL 35,005 +4

PAF 740

PBC 1,300

PZ 2,700

SCB 67,000 +5,999

SPPC 390

SSB 21,000

SWL 288

TBL 9,750

UNIL 14,055 +5

Source: GNA