GSE plunges on GCB loss

Accra, July 26, GNA - The Ghana Stock Exchange plunged in trading on Monday on account of a hefty loss by blue chip Ghana Commercial Bank (GCB).

The GSE All-Share Index, the main market index, lost 31.05 points to end the day at 7,101.05 points from Friday's close of 7,132.10 points.

GCB lost 500 cedis to close trading at 16,500 cedis on a day that traded shares reached another low - 53,500 shares - from 225,100 shares on Friday.

The other four prices that changed hands were all positive. Fan Milk Ghana Limited, the highest gainer, made 99 cedis at 8,600 cedis, Enterprise Insurance Company (EIC) had 88 cedis at 3,700 cedis, CFAO went up by two cedis at 120 cedis and Clydestone went up by one cedi at 1,151 cedis.

The change year to date stood at 99.84 per cent.

Market capitalisation slipped to 97,179.63 billion cedis from 97,257.44 billion cedis from 3,380.21 million issued shares on Friday.

The following are the last prices of listed equities in cedis:

ABL 1,350 AGA 300,000 AADs 3,006 ALW 12,100 BAT 7,800

CFAO 120 +2 CLYD 1,151 +1 CMLT 780

CPC 1,950

EIC 3,700 +88 FML 8,600 +99 GBL 1,500

GCB 16,500 -500 GGL 12,750 HFC 10,100 MGL 275 MLC 3,100 MOGL 43,000 PAF 800 PBC 3,600 PZ 4,015 SCB 100,000 SPPC 390 SG-SSB 31,750 SWL 290 TBL 31,400 UNIL 27,500