0
Business News Fri, 1 Apr 2005

Significant losses in three equities accelerate bourse slide

Accra, April 1, GNA - Significant losses in three equities accelerated the slide of the Ghana Stock Exchange (GSE) whuch has been under heavy bearish sentiments since the beginning of the year. Trust Bank of The Gambia lost a whopping 3,100 cedis at 27,900 cedis, HFC Bank lost 860 cedis at 7,740 cedis and Clydestone was down by 100 cedis at 1,200 cedis.

The GSE All-Share Index ended lower by 63.46 points at 6,390.38 points while the change for the year went deeper into the red at 6.00 per cent.

In the broader market, three other equities made gains. Starwin Products Limited made the biggest gain closing 50 cedis to end at 750 cedis, PZ made 40 cedis to close at 5,750 cedis and CFAO edged up 20 cedis to finish at 275 cedis.

Market capitalisation was down at 96,501.63 billion cedis from 96,674.86 billion cedis.

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

ABL 1,480 AGA 300,000 AADs 3,000 ALW 6,252 BAT 4,500 BOPP 7,000 CAL 3,400

CFAO 275 + 20

CLYD 1,200 - 100

CMLT 1,400 CPC 800 EIC 8,000 FML 18,000 GBL 1,600 GCB 13,010 GGL 12,500

HFC 7,740 +860

MGL 275 MLC 3,000 MOGL 39,010 PAF 800 PBC 3,300

PZ 5,750 +40

SCB 160,000

SPL 750 +50

SPPC 390 SG-SSB 25,000 SWL 290

TBL 27,900 -3,100

UNIL 18,000

Source: GNA