GCB pushes Accra bourse up

A big gain by Ghana Commercial Bank (GCB) on Wednesday pushed up the main index of the Ghana Stock Exchange (GSE) although trading remained poor.

The index closed up 7.96 points at 1,453.67 points from 1,445.71 points, with only five of the 24 listed equities changing hands.

Traded shares went up by nearly three times to 35,700 shares from 12,200 hares.

Ghana Commercial Bank (GCB) led four gainers with a 95-cedi appreciation to 3,900 cedis. SSB Bank was nine cedis richer at 4,170 cedis, Super Paper Products Company (SPPC) went up by two cedis at 390 cedis and Mobil Oil Ghana Limited inched up by one cedi at 19,731 cedis.

Market capitalisation went up to 6,446.83 billion cedis from 6,430.47 billion cedis.

The change for the year went up to 4.18 per cent from 3.58 per cent.