Market indicator takes another dip in thin trading

Accra (Greater Accra), 11 Jan. '99 -

The GSE All-Share Index took another


dip in thin trading today, going down by 4.34 points.


The market indicator opened the week lower at 866.18 points compared to


the 870.52 registered on Friday.


Only 31,720 shares were traded from an offer of 2.6 million. Demand


closed at 348,000.


Market capitalisation was, however, up on the strength of gains


in the share prices of Ashanti Goldfields Company (AGC) and Mobil Oil Ghana


Limited (MOGL) to 3,312.42 billion cedis from the 3,308.67 billion cedis posted

on Friday.


In the broader market, six equities saw price changes, five


appreciations and one decliner.


AGC took another leap today, registering a 100-cedi gain to finish


at 18,500 cedis. This was after its 400 cedis gain at the last session which


stemmed from renewed interest and higher prices for gold commodity on the


international market.


MOGL also gained 100 cedis to close at 17,100 cedis.


CFAO and Unilever went up by five cedis each to end at 55 cedis and

1,615 cedis respectively. SSB inched up by one cedi to close at 2,251 cedis.


The lone loser was Ghana Commercial Bank which ended at 1,150 cedis


after dropping 50 cedis.


The following are the last prices of listed equities :


ABL 800


AGC 18,500 + 100


ALW 2,600


CFAO 55 +5


EIC 2,400

FML 1,500


GBL 2,000


GCB 1,150 -50


GGL 900


HFC 750


MGL 200


MLC 200


MOGL 17,100 +100


PAF 400

PTC 400


PZ 900


SCB 24,000


SPPC 251


SSB 2,251 +1


UNIL 1,615 +5


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