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Business News Wed, 28 Jan 2004

Ghana Stock market bounces back

Accra, Jan. 28, GNA - The main stock index, the GSE All-Share Index, bounced back with a healthy gain despite another 500-cedi loss by SSB Bank during trading on Wednesday.

The index, which took a dive by 8.54 points on Monday after SSB Bank plunged by 500 cedis in weak trading, climbed by 33.67 points helped by good gains by Ghana Commercial Bank, Unilever and Produce Buying Company.

The index ended up at 3,740.85 points from 3,707.18 points on Monday.

Change for the year ended better at 5.27 per cent from 4.33 per cent on Monday.

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SSB Bank was the sole loser, closing down by 500 cedis at 19,000 cedis. Unilever (Unil) closed 886 cedis better at 15,001 cedis, Ghana Commercial Bank appreciated by 106 cedis at 9,031 cedis, Produce Buying Company gained 90 cedis at 1,400 cedis and Cocoa Products Company gained five cedis at 656 cedis.

Guinness Ghana Limited closed higher by two cedis at 6,807 cedis and Mechanical Lloyd inched up by one cedi at 751 cedis. Total Shares traded closed lower at 135,500 cedis from 375,800 cedis while market capitalisation was better at 13,090.16 billion cedis from 13,005.14 billion cedis.

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

ABL 552 AGC 28,650 ALW 4,000 BAT 6,000 CFAO 75 CMLT 550 CPC 656 +5 EIC 10,600 FML 3,900 GBL 1,460 GCB 9,031 +106 GGL 6,807 +2 HFC 4,300 MGL 275 MLC 751 +1 MOGL 35,010 PAF 740 PBC 1,400 +90 PZ 2,750 SCB 67,006 SPPC 390 SSB 19,000 -500 SWL 288 TBL 10,100 UNIL 15001 +886

Source: GNA
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