GCB gains, but market slumps

Stocks slumped on the Accra bourse on Monday with only one gainer and a meagre 18,700 total shares traded against the 47,100 posted last Friday.

All the 25 listed equities except Ghana Commercial Bank (GCB), maintained their former prices. GCB went up by ?176 to open this week's trading at ?4,400. The increase was reported to be on the back of an expected good first quarter report. T he GSE All-Share Index closed up by 11.97 points to end the day at 1,503.00 points from Friday's close of 1,491.03 points.

Change in the year till date was 7.72 per cent.

Market capitalisation was ?7,152.91 billion from a total of 2,553.75 million issued shares. It closed at ?7,123.87 at the last session.