Business News of Mon, 26 Jan 20040

Main market index takes a dive

Accra, Jan. 26, GNA - The main stock index, the GSE All-Share Index, took a dive on Monday after SSB Bank plunged by 500 cedis in weak trading that saw only eight out of the listed 25 equities changing hands.


The index ended down by 8.54 points at 3,707.18 points from Friday's close of 3,715.72 points and the change for the year ended at 4.33 points.


There were five price changes, four up and one down. SSB Bank was the sole loser, closing down by 500 cedis at 19,500 cedis. Home Finance Company rose by 79 cedis at 4,300 cedis, Ghana Commercial Bank was 25 cedis better at 8,925 cedis, Guinness Ghana Limited gained five cedis at 6,805 cedis and PBC closed three cedis higher at 1,310 cedis.


Total Shares traded closed lower at 375,800 cedis from 1,056,500 cedis while market capitalisation was also lower at 13,005.14 billion cedis from 13,026.70 billion cedis.


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


ABL 552 AGC 28,650 ALW 4,000 BAT 6,000 CFAO 75 CMLT 550 CPC 651 EIC 10,600 FML 3,900 GBL 1,460

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GCB 8,925 +25


GGL 6,805 +5


HFC 4,300 +79


MGL 275 MLC 750 MOGL 35,010 PAF 740


PBC 1,310 +3 PZ 2,750 SCB 67,006 SPPC 390


SSB 19,500 -500 SWL 288 TBL 10,100 UNIL 14,115

Source: GNA

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