Share Prices Still Upbeat On Market

Accra, (Greater Accra) 31 Oct.,

Share prices continued their upbeat trend on the Ghana stock Exchange (GSE) on Friday posting good gains for the market on moderate volume. Seven equities appreciated with no decliner, pushing both the GSE All-Share Index and the market capitalisation up considerably. The All-Share index was 2.63 points better at 490.77 points, up from 488.14 points last Wednesday while total market capitalisation improved to 2,950.76 billion cedis, up from its previous 2,946.87 billion cedis. Sentiments continued to be bullish as market gains were sustained with moderate bulk purchases in Aluworks Company Limited (ALW), Social Security Bank (SSB) and Super Paper Products Company (SPPC). Investor interest continued, as in the last two weeks, to focus on the financial and manufacturing sectors, as bids raced far ahead of offers at 14.9 million to 421,680 shares. On the broader market, Standard Chartered Bank (SCB) led the field with a 70-cedi gain to close the week at 7,370 cedis. It was followed by ALW which gained 50 cedis to finish at 2,400 cedis and Home Finance Company (HFC) which climbed 28 cedis to end at 200 cedis. The other gainers were SPPC and SSB which went up five cedis each to 145 cedis and 1,685 cedis respectively. UNILEVER (UNIL) went up four cedis to 940 cedis while Guinness Ghana Limited (GGL) went up one cedi 646 cedis. The following are the last prices of listed equities quoted in cedis:

ABL 695 AGC 21,100 ALW 2,400 +50 CFAO 38 EIC 690 FML 525 GCB 718 GGL 646 +1 HFC 200 +28 KBL 960 MGL 175 MLC 195 MOGL 6,750 PAF 170 PTC 390 PZ 329 SCB 7,370 +70 SPPC 145 +5 SSB 1,685 +5 UNIL 940 +4 UTC-E 105