GSE stages comeback

The Ghana Stock Exchange (GSE) made an appreciable gain on Friday, with the GSE-All Share Index, the main market indicator, up by 3.36 points to reverse the weak start to the year, but trading volumes remained very low.

The index, which on Thursday rose by a mere 0.05 points to begin the year, closed trading upbeat at 1,398.72 points from 1,395.36 points after Ashanti Goldfileds led a rally of price increases. Shares that changed hands were, however, down at 10,700 shares from 32,200 shares recorded at the first trading session in the year.

There were five positive price changes. Ashanti Goldfields gained 1,000 cedis to close at 28,000, SSB Bank made 33 cedis at 4,000, Mechanical Llyod was up by one cedi at 272, GCB gained two cedis at 3,518 and Fan Milk one cedi to close at 1,786 cedis. Change for the year now stands at 0.245 per cent. Market capitalisation now stands at 6,313.01 billion cedis from 6,183.95 billion cedis at the previous close.

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

ABL 390

AGC 28,000 +1,000

ALW 3,700

BAT 1,001

CFAO 67

EIC 4,600

FML 1,786 +1

GBL 500

GCB 3,518 +2

GGL 1,050

HFC 955

MGL 254

MLC 272 +1

MOGL 19,730

PAF 750

PBC 390

PZ 2,005

SCB 28,700

SPPC 387 SSB 4,000 +33

SWL 285

TBL 4,850

UNIL 4,805

CMLT 460