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All-Share Index registers a rebound

Fri, 19 Sep 2003 Source: GNA

Accra, Sept. 19, GNA - The All-Share Index of the Ghana Stock Exchange on Friday registered a rebound as it recorded an upward shift after series of losses it made during the week.

The market gauge gained 14.05 points on the back of gains in nine equities led by the Trust Bank Limited (TBL) of the Gambia to end the week at 2,606.96 points from 2,592.91 points.

The Index lost 14.51 points on Wednesday.

Volume of shares traded increased to 466,000 from 341,000 with the change in the year to date, fixing it at 86.84 per cent. Market capitalization moved up to 10,213.35 billion cedis from 10,177.87 billion cedis in the previous trading.

In the broader market, there were nine price changes - all positive.

TBL gained 350 cedis to close the week at 7,350 cedis; British American Tobacco Company followed with 199 cedis at 2,600 cedis; Enterprise Insurance Commission was richer at 7,000 cedis with 150 cedis gain while the SSB Bank made 96 cedis at 8,300 cedis.

Ghana Breweries Limited gained 10 cedis to finish trading at 860 cedis, Fan Milk Limited made four cedis at 3,154 cedis, Mechanical Lloyd Company gained two cedis at 652 cedis while Guinness Ghana Limited and Standard Chartered Bank gained a cedi each to close the week at 4,002 cedis and 58,601 cedis respectively.

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

ABL 460 AGC 28,650 ALW 4,000

BAT 2,600 +199 CFAO 74 CPC 630

EIC 7,000 +150 FML 3,154 +4

GBL 860 +10

GCB 7,000

GGL 4,002 +1 HFC 2,650

MGL 270

MLC 652 +2 MOGL 24,150 PAF 750

PBC 1,200 PZ 2,400

SCB 58,601 +1 SPPC 390

SSB 8,300 +96 SWL 288 TBL 7,350 +350 UNIL 8,905 CMLT 520

Source: GNA