Dull trading at Stock Exchange

Accra, May 15, GNA - The Ghana Stock Exchange All-Share Index inched up by 0.26 points in a dull session that saw only 1,800 shares being traded, one of the lowest ever.

There was only one price change, a 100-cedi gain by Mobil Oil Ghana Limited (MOGL), with negative pressure on 15 equities, including Ashanti Goldfields Company and Standard Chartered Bank.

Shares demanded were also a low 102,800 with bids in only eight equities of the 22 equities. The highest bid was for 84,000 Unilever shares while the lowest was 100 shares in Ghana Breweries Limited, an indication of absence of big investors.

The All-Share Index, the main market indicator went up by a mere 0.26 points to reach 806.22 from 805.96 points in an offer driven market that saw total offers declining slightly from 2.6 million to 2.5 million shares. Share demanded and traded last Friday were 130,500 and 22,900. Market capitalisation inched up to 3,305.18 billion cedis as against 3,304.77 billion cedis registered on Friday.

MOGL gained 100 cedis to open the week at 16,200 cedis.