Stock market index continues positive gains

The Ghana Stock Exchange (GSE) recorded another action session on Friday with 17 equities doing business.

Twelve equities recorded price changes, all positive, in trading that saw the GSE All-Share Index, the main market gauge, jumping up by a healthy 30.61 points to 1,985.28 points.

Friday's performance by the bourse brought the change for the year to 42.28 per cent, but once again showed the absence of big institutional players.

Total traded shares, however, reduced to 324,000 shares from Wednesday's 426,900.

Blue chip Ghana Commercial Bank (GCB), Enterprise Insurance Company (EIC), Unilever (Unil), Home Finance Company (HFC) and Standard Chartered Bank (SCB) all posted impressive gains.

GCB was 300 cedis richer at 6,059 cedis, EIC gained 200 cedis at 5,700 cedis, Unil rose by 200 cedis at 7,200 cedis, SCB posted a 99 cedis gain at 37,600 cedis and HFC appreciated by 99 cedis 2,600 cedis.

SSB Bank gained 19 cedis 7,250 cedis, Patterson Zochonis (PZ) gained five cedis at 2,055 cedis and Fan Milk Limited (FML) rose by 2,455 cedis.

Mobil Oil Ghana Limited was two cedis richer at 20,004 cedis, Mechanical Lloyd gained one cedi at 466 cedis, Guinness Ghana Limited was one cedi better at 2,626 cedis and British American Tobacco also gained one cedi at 1,913 cedis.

Market capitalisation was better at 8,348.07 billion cedis from on Wednesday.