Accra bourse continues to rise

The Accra bourse continued to rise during trading on Monday but with drastically reduced traded hares.

The bourse, which recorded a dramatic day on Friday with a total of 34,055,400 shares changing hands following the buying of over 33 million ordinary SSB Bank shares by Societe Generale, slumped to a mere 66,200 shares. Societe Generale now has a controlling 50.72 per cent shares in SSB Bank.

The index closed up by 7.07 points to 1,577.47 shares from 1,570.40 shares. Change for the year stood at 13.06 per cent.

There were six price changes, all positive. Ghana Commercial Bank rose by 102 cedis at 4,752 cedis, Enterprise Insurance Company was four cedis better at 5,005 cedis, Fan Milk Limited gained three cedis at 2,006 cedis and Guinness Ghana Limited was one cedi richer at 1,203 cedis.

SSB Bank gained one cedi at 6,813 cedis and Unilever was also one cedi better at 5,001 cedis.

Market capitalisation ended the day at 7,339.52 billion cedis from 7,316.38 billion cedis.