Bourse Gets A Lift In Mid-week Trading

ACCRA, Ghana (PANA) - Accra Brewery Limited (ABL) and Camelot (CLMT) gave the Ghana Stock Exchange a breather on Wednesday, when they gained 60 cedis and three cedis respectively to push the All-Share Index, the key stock gauge, up to reverse the unimpressive run of the bourse.

The All-share index which had marked-time a couple of times ended trading firmer at 819.40, up 1.61 points from 817.79 points on Monday.

Market capitalisation and the change for the year to date equally registered marginal gains to close mid-week trading at 3,569.41 billion cedis and 11.31 percent respectively [5,500 cedis = 1 US dollar].

Despite the gains, trading continued to be dominated by bearish sentiments with offers continually outstripping demand.

On the broader market there were two price changes - ABL gained 60 cedis to close trading at 600 while CMLT went up by three cedis at 425 cedis.

Out of the remaining 21 equities, 12 had negative pressures on them while the remaining nine returned no pressure at all.

As many as 11 equities sold 198,700 shares, nearly 50 times more than the 4,200 recorded on Monday.

Bids also shot up to 287,600 from 85,700.

Offers closed marginally at 2.3 million up from 2.1 million.