GSE All-share index opens week stronger

Accra (Greater Accra), 16 March '99 -

The Ghana Stock Exchange (GSE) All-Share Index opened the week stronger to activate the bearish mood that has characterised trading activities for the past few weeks. The main market indicator thus, made 3.74 points gain on Monday at 830.39, up from last week's close of 826.65, reflective of the volume of shares traded which finished high by more than half but there was only one price change. The change in the year stood at minus 4.37 per cent. Volume of shares traded recorded 134,300, up from last Friday's 55,140 as market capitalisation also finished positive at 3,277.37 billion cedis from the previous 3,271.49 billion cedis even though more than half of the 21 listed equities could not make sales. Offers opened the week low at 2,566,500 down from the 2,751,540 registered at the weekend but bids went up slightly to 597,200 up from the previous 539,200. In the broader market, only Guinness Ghana Limited (GGL) made a gain of 50 cedis to open the week at 900. The following are the last prices of listed equities:

ABL 750 AGC 18,700 ALW 2,800 CFAO 56 EIC 2,010 FML 1,100 GBL 1,950 GCB 980 GGL 900 +50 HFC 750 MGL 225 MLC 245 MOGL 16,400 PAF 350 PTC 400 PZ 850 SCB 24,000 SPPC 244 SSB 1,860 UNIL 1,820 UTC-E 125