ACCRA, Ghana (PANA) - A string of losses in the share price of three equities on the Ghana Stock Exchange Wednesday sent the All-Share Index tumbling by 11.8 points and wiping off the 6.75 points it gained Monday.
The All-Share Index closed at 778.32 points and brought the change of the year to date to negative 10.37 per cent.
Total shares traded on the market slipped slightly to 154,900 compared to the 166,200.
Demand for shares dropped sharply to 191,000 against 1.03 million Monday from the 1.7 million offers.
Market capitalisation under the burden of the huge lose in the market index dropped to 3,264 billion cedis from 3,283 billion cedis registered when trading opened Monday.
In the broader market, three equities declined and there were no gains.
Ghana Commercial Bank lost 103 cedis to end at 790 cedis while Guinness Ghana Limited and Mechanical Lloyd Company lost 10 cedis each to finish trading at 1,005 cedis and 180 cedis respectively.
