Banking stocks sustain gains of Accra bourse

Accra, Oct. 17, GNA- Gains by banking stocks sustained gains by the Ghana Stock Exchange (GSE) despite a loss of Pioneer Aluminium Factory (PAF).

The GSE All-Share Index, the main market index, went up by 11.74 points to close the week at 2,849.04 points.

There were four price changes, three up and one down.

SSB Bank was up by 300 cedis at 15,700 cedis, Ghana Commercial Bank (GCB) was 51 cedis better at 5,601 and Standard Chartered Bank (SCB), the highest priced equity, gained one cedi at 59,001 cedis. SSB Bank and SCB are the second and third most capitalised on the bourse. The only loser is Pioneer Aluminium Factory, which was 10 cedis down at 740 cedis.

Traded shares slumped to 131,100 from 2.54 million shares when there was bulk trading in Aluworks shares.

Market capitalization went up at 10,824.89 billion cedis from 10,795.25 billion cedis.

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

ABL 460 AGC 28,650

ALW 4,000

BAT 2,900

CFAO 74

CPC 630

EIC 7,110

FML 3,400

GBL 905

GCB 5,801 +51

GGL 4,600 HFC 3,050

MGL 271

MLC 654

MOGL 24,300

PAF 740 -10

PBC 1,300

PZ 2,600

SCB 59,001 +1

SPPC 390

SSB 15,700 +300 SWL 288

TBL 7,800

UNIL 9,800

CMLT 520