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Business News Mon, 18 Jul 2005

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Stock indices continue to fall

Accra, July 18, GNA - Key indices of the Ghana Stock Exchange (GSE) plunged further in trading on Monday as bearish sentiments continued to dominate the market.

The benchmark index, the GSE All-Share Index, fell by 39.12 points, brought down by losses suffered by SG-SSB, Fan Milk (FML) and Enterprise Insurance Company (EIC).


The Index closed down at 5,290.44 compared to 5,329.56 points on Friday.


Change for the year-to-date dropped to stand at -22.18 per cent. There were three negative price changes.


SG-SSB shed 500 cedis at 8,500 cedis, FML went down by 1,500 cedis at 16,500 cedis and EIC lost 500 cedis at 6,000 cedis. Shares traded went down at 55,000 shares from 87,800 shares on Friday.


Market capitalisation fell marginally to close at 93,009.37 billion cedis from 93,123.07 billion cedis from 3,400.54 million issued shares at the previous close.


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

ABL 1,480 AGA 300,000 AADs 3,000 ALW 5,000 BAT 4,000 BOPP 6,000 CAL 3,000 CFAO 370 CLYD 1,300 CMLT 1,720 CPC 800


EIC 6,000 -500


FML 16,500 -1,500


GCB 9,000 GGBL 8,250 HFC 7,000 MGL 275 MLC 2,500 MOGL 38,000 PAF 800 PBC 3,000 PZ 6,400 SCB 134,000 SPL 650 SPPC 390


SG-SSB 8,500 -500


SWL 290 TBL 27,900 UNIL 16,500

Source: GNA

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