Big Stanchart leap

...gives Index shot in the arm despite Aluworks loss

Standard Chartered Bank (SCB), the highest priced equity, on Wednesday rose by 2,000 cedis and gave the GSE All-Share Index, the main market index, a big shot in the arm despite a loss in the share price of Aluworks Limited (ALW).


The Index ended 20.09 points higher at 1,663.80 points from 1,643.71 on Monday. Change for the year edged up at 19.24 per cent.


SCB, which had not made any move for several weeks, ended trading at 32,001 cedis. There were five other price changes - four up, one down.


ALW was the only loser, going down by 300 cedis at 4,000 cedis.

SSB Bank was 344 cedis better at 6,400 cedis, Patterson Zochonis rose by nine cedis at 2,025 cedis, Ghana Commercial Bank was six cedis richer at 5,118 cedis and British American Tobacco gained four cedis at 1,106 cedis.


Total shares traded ended the day at 210,300 cedis, down from 2,127,500 shares on Monday when there was a bloc buying of SSB Bank shares.


Market capitalisation ended higher at 7,542.87 billion cedis from 7,494.16 billion cedis.