Another Stanchart loss pulls down All-Share Index

Accra, (Greater Accra) 14 July '99,

Another decline in the share price of Standard Chartered Bank (SCB), the highest priced equity, on Wednesday pulled the Ghana Stock Exchange (GSE) All-Share Index further down.

The All-Share Index dropped by 5.94 points to close at 783.83, bringing the change in the year to date to negative 9.73 per cent.

Market capitalisation also fell to 3,273.38 billion cedis from 3,282.72 billion cedis.

With the exception of shares on offer, other market indicators recorded moderate gains.

Total shares traded finished mid-week trading up at 53,100 shares from Monday's 32,200 shares, with bids also closing higher from 270,400 shares to 317,200 shares.

Offers went down from 2.1 million shares to 1.9 million shares.

On the broader market, there were three declines and no price appreciation.

SCB lost 500 cedis to close trading at 20,000 cedis. Aluworks Company Limited (ALW) closed trading at 2,555 cedis with a 43-cedi loss, while Ghana Commercial Bank (GCB) lost five cedis at 995 cedis from 1,000 cedis.

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

ABL 600

AGC 18,700

ALW 2,555 -43

BAT 380

CFAO 40

EIC 1,990

FML 1,250GBL 1,879

GCB 995 -5

GGL 920

HFC 750

MGL 220

MLC 200

MOGL 16,500

PAF 280

PZ 850

SCB 20,000 -500

SPPC 210

SSB 1,950

UNIL 1,720

UTC-E 125

GRi