Stock Market upbeat

Accra (Greater Accra) 23 March '99

Trading was upbeat Monday at the Ghana Stock Exchange, but renewed profit taking sent the volume of shares traded down. Total volume of shares finished low at 20,650, compared with more than one million during the last session. The GSE All-Share Index gained 4.82 points to 834.21 points from the 829.40 points registered at the last session due to gains in three major equities. The change in year to date closed at minus 3.93 per cent. Offers dipped to 4.1 million shares from the 14.2 million posted during Friday's trading session, while 469,810 shares were demanded. Market capitalisation closed at 3.2 billion cedis, out of the 995.49 million issued shares. On the broader market, three equities made gains, and there was no loss. Fan Milk Limited (FML), which has a high investor interest, went up by 200 cedis to end trading at 1,300 cedis, while GCB finished higher at 1,000 cedis, gaining 20 cedis in the process. Pioneer Tobacco Company (PTC) gained five cedis to end at 405 cedis.

The following are the last prices of listed equities: ABL 750 AGC 18,700 ALW 2,800 CFAO 56 EIC 2,010 FML 1,300 +200 GBL 1,950 GCB 1,000 +20 GGL 900 HFC 750 MGL 225 MLC 245 MOGL 16,400 PAF 350 PTC 405 +5 PZ 850 SCB 24,000 SPPC 244 SSB 1,860 UNIL 1,795 UTC-E 125