Market index inches up after weeks of decline

Accra (Greater Accra), 13th May ?99 ?

The Ghana Stock Exchange (GSE) All-Share index inched up on Wednesday on the strength of a huge gain by Standard Chartered Bank (SCB) after weeks of decline.

The market, which was very active, saw SCB, the only gainer, making a 300 cedis gain in mid-week trading to push the index up by 3.02 points at 821.19. It closed trading at 818.17 on Monday. There was no loser.

Market capitalisation was higher at 3,324.27 billion cedis, from the 3,319.52 billion cedis recorded on Monday.

Volume of shares that changed hands almost doubled from 659,500 to 1,176,200, with Guinness Ghana Limited (GGL) selling 1,128,000 shares out of the 1,129,000 shares it posted.

Offers were also higher at 3,208,090, compared to the 2,878,350 shares posted on Monday, while bids closed trading at 2,005,600, up from 1,179,500 shares.

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

ABL 650

AGC 18,700ALW 2,800

BAT 380

CFAO 50

EIC 2,000

FML 1,250

GBL 1,900

GCB 1,000

GGL 910

HFC 750

MGL 225

MLC 215

MOGL 16,800

PAF 345

PZ 850

SCB 24,300 +300

SPPC 244

SSB 1,650

UNIL 1,750

UTC-E 125

GRi?/