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Business News Thu, 28 Oct 1999

Ghana Bourse In Poor Mid-week Performance

Accra, Ghana (PANA) - The Ghana Stock Exchange recorded yet another negative result in trading Wednesday, showing a deepened lack of investor interest on the bourse.

This follows a string of negative performances over several past weeks in which investors adopted an overwhelming selling mood. Investors put as much as 1.169 million shares on the offer tray while demand was just 137,700 shares.

The GSE All-Share index went down 1.25 to close at 760.46 points from a previous 761.71 points. This puts the aggregate index change in the year at minus 12.42 percent.

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Total shares traded Wednesday finished lower again at a meagre 32,700 shares. There was no trading in the shares of 15 equities.

Market capitalisation closed at 3,239.20 billion cedis as against 3,241.17 billion cedis registered Monday. In the broader market, two equities lost while the others maintained their previous closing prices.

Guinness Ghana Limited dropped 10 cedis to end at 980 cedis while Standard Chartered Bank lost 50 cedis to close trading at 19,700 cedis per share.

Source: PANA
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