Bourse in faint recovery

Accra, April 6, GNA - The Ghana Stock Exchange (GSE) made a faint recovery in quiet trading on Wednesday but failed to shake off the heavy bearish cloud that had hung over the bourse since the beginning of the year.

Two equities made movements on either side of the divide, with British American Tobacco (BAT) regaining the 400 cedis it lost on Monday, with Enterprise Insurance Company (EIC) going down by 500 cedis. BAT ended trading at 4,500 cedis and EIC closed at 7,500 cedis on a day that shares that changed hands slumped to 214,700 from 1.452 million shares during the previous trading.

The GSE All-Share Index, the main stock index, climbed by 9.2 points at 6,389.45 points and change for the year inched up at -6.02 per cent.

Market capitalisation was better at 96,488.85 billion cedis from 96,473.98 billion cedis from 3,663.51 million issued shares.

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

ABL 1,480 AGA 300,000 AADs 3,000 ALW 6,252

BAT 4,500 +400

BOPP 7,000 CAL 3,400 CFAO 275 CLYD 1,200 CMLT 1,400 CPC 800

EIC 7,500 -500

FML 18,000 GBL 1,600 GCB 13,010 GGL 12,500 HFC 7,740 MGL 275 MLC 3,000

MOGL 39,010 PAF 800 PBC 3,300 PZ 5,750 SCB 160,000 SPL 750 SPPC 390

SG-SSB 25,000 SWL 290 TBL 27,900 UNIL 18,000