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Stock indices continue to fall

Mon, 25 Jul 2005 Source: GNA

Accra, July 25, GNA - The Ghana Stock Exchange continued to be under heavy bearish pressure as the main indices slid once more in trading on Wednesday.

The GSE All-Share Index, the main market indicator, fell by 53.52 points to close at 5,095.99 points from Monday's close of 5,149.51 points.

Change for the year-to-date stands at - 25.04 per cent from - 24.26 per cent on Monday.

On the broader market there were four price changes, all negative. Fan Milk Limited (FML) lost 1,200 cedis at 15,000 cedis; Guinness Ghana Breweries Limited lost 700 cedis at 6,300 cedis; Enterprise Insurance Company lost 500 cedis at 5,500 cedis and CAL Merchant Bank lost 220 cedis at 2,200 cedis.

Shares traded went up to 563,200 from 441,900 on Monday. Market capitalisation was poorer at 92,450.70 billion cedis from 92,636.61 billion cedis on Monday from 3,400.54 million issued shares.

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

ABL 1,480 AGA 300,000 AADs 3,000 ALW 5,000 BAT 4,000 BOPP 6,000

CAL 2,200 -220

CFAO 371 CLYD 1,300 CMLT 1,720 CPC 800

EIC 5,500 -500

FML 15,000 -1,200

GCB 9,000

GGBL 6,300 -700

HFC 7,000 MGL 275 MLC 2,500 MOGL 38,000 PAF 800 PBC 3,000 PZ 6,400 SCB 134,000 SPL 650 SPPC 390 SG-SSB 8,000 SWL 290 TBL 27,900 UNIL 16,500

Source: GNA