AGC, MOGL, FML &GGL Shares Tumble

Four equities lost heavily as share prices on the Ghana Stock Exchange tumbled in dull trading on Monday and the market slipped back under heavy bearish sentiments.

Ashanti Goldfields Company (AGC), Mobil Oil Ghana Limited (MOGL), Fan Milk Limited (FML) and Guinness Ghana Limited (GGL) all lost to push the GSE-All Share Index, the main market measure down by 3.26 points to finish 957.11 points from 960.37 points on Friday.

The index was up by 2.12 points on Friday in active trading that saw nearly two million shares changing hands.

Traded volumes declined heavily from nearly two million to 76,400 as institutional investors shied away from the market.

AGC lost 300 cedis to close 18,500 cedis, MOGL lost 1,000 cedis at 19,000 cedis, FML was down 50 cedis at 950 cedis and GGL lost one cedi at 900 cedis.

British American Tobacco, however, gained one cedi at 626 cedis.

Market capitalisation fell slightly at 3,873.54 billion cedis from 3,912.61 billion cedis at the previous close on Friday.