Stock market slumps in poor show of equities

Accra, July 4, GNA - The main index of the Ghana Stock Exchange (GSE) slumped in trading on Monday under the weight of the poor showing of several equities.

The GSE-All Share index nose-dived by 242.21 points to 5,620.53 points from 5,862.74 points as the slide of the bourse this year continues.


Change for the year-to-date now stands at -17.33 per cent. Guinness Ghana Breweries Limited lost a whopping 2,500 cedis at 10,000 cedis, SG-SSB followed with a loss of 1,500 cedis at 11,000 cedis, Mechanical Lloyd was down by 200 cedis at 2,500 cedis and Starwin Products Limited lost 70 cedis to close at 650 cedis.


There was no gainer on the day.


Traded shares were a mere 57,000 from last Wednesday's 969,800. Market capitalisation was down at 93,902.91 billion cedis from 94,543.54 billion cedis.


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 3,200 CFAO 361 CLYD 1,300 CMLT 1,701 CPC 800 EIC 7,000 FML 18,000 GCB 10,000


GGBL 10,000 -2,500 HFC 7,000 MGL 275 MLC 2,500 -200 MOGL 38,000 PAF 800 PBC 3,000 PZ 6,400 SCB 134,000


SPL 650 -70 SPPC 390 SG-SSB 11,000 -1,500


SWL 290 TBL 27,900 UNIL 16,500