GSE index re-bounces after dip

The Ghana Stock Exchange All-Share Index, the key measure of the Accra Bourse, re-bounced on Wednesday, climbing by 21.41 points after a dip of 5.15 points during the previous trading session.

The Index climbed to 1,738.84 points from 1,717.43 points on the strength of strong gains by Standard Chartered Bank, British American Tobacco (BAT) and Unilever.

Shares traded climbed to 108,400 from 28,200 shares that changed hands in a dull market on Tuesday.

There were four price changes - all positive.

Standard Chartered Bank, the highest priced equity, jumped by 1,999 cedis to 34,000 cedis, BAT was 100 cedis better at 1,400 cedis, Uniler gained 150 cedis at 6,450 cedis and Guinness Ghana Limited moved up by five cedis at 1,223 cedis.

Market capitalisation was better at 7,736.49 billion cedis from 7,684.38 billion cedis on Tuesday.