GSE closes week on low note as shares slump

Accra, May 24, GNA - The Ghana Stock Exchange (GSE) closed the week on Thursday down to earth as traded shares which rose from 1.1 million shares on Monday to 5.05 million shares on Wednesday slumped to a mere 45,100 shares.

With no trading on Friday because of a holiday to celebrate African Union Day, the GSE saw seven equities recording moves, all positive. The GSE All-Share index, the benchmark measure of the bourse, closed up by 1.05 points from 5,172.07 from 5,171.02 points. Total shares traded closed a mere 45,100 from 5,058,700 shares on Wednesday. CAL Bank, which recorded large sales once again sold 28,900 shares out of the 45,100 that changed hands on Friday. Change for the year was up at 3.32 per cent from 3.30 per cent. On the broader market, there were seven price changes, all positive.

Guinness Ghana Breweries Limited rose by 29 cedis at 9,451 cedis, Stanchart gained two cedis at 180,602 cedis, Fan Milk was one cedi higher at 19,506 cedis, Ecobank Ghana Limited was up by seven cedis at 14,310 cedis, Enterprise Insurance Company inched up by one cedi at 9,501 cedis, Ghana Commercial Bank was also better by one cedi at 6,802 cedis while CAL Bank recorded one cedi gain at 2,611 cedis. Market capitalization ended the session at 113,532.37 billion cedis from 113,526.06 billion cedis.

The following are the prices of equities in cedis:

ABL 1,150 AGA 300,000 ALW 7,470 AYRTN 976 BAT 3,300 BOPP 5,450

CAL 2,611 +1

CFAO 350 CLYD 800 CMLT 1,700 CPC 538

EBG 14,310 +7

EIC 9,500

ETI 11,351 +1

FML 19,506 +1 GCB 6,803 +1 GGBL 9,451 +29 GWEB 550 HFC 5,400 MLC 2,100 PKL 800 PBC 2,600 PZ 7,200

SCB 180,602 +2

SPL 550 SPPC 225 SG-SSB 7,150 SWL 265 TBL 13,250 TOTAL 54,300 TRANSOL 1,200 UNIL 15,100 AADS 3,420