Stock market recovers from midweek stumble

Accra, Oct. 10, GNA - The main index of the Ghana Stock Exchange (GSE) recovered from a mid-week stumble when it gained 22.98 points on Friday, buoyed by healthy performances by Guinness Ghana Limited (GGL) and Home Finance Company (HFC).

The GSE All-Share Index ended up at 2,708.42 from Wednesday's close of 2,685.44 points.

There were eight price changes, all positive, on a day that saw volumes traded decline by more than half to 247,900 from 572,900 shares. Market capitalization improved to 10,469.60 billion cedis from 10,411.56 billion cedis.

GGL gained 348 cedis at 4,500 cedis, HFC was 100 cedis better at 3,000 cedis, Unilever appreciated by 90 cedis at 9,300 cedis and Ghana Breweries Limited was four cedis richer at 905 cedis.

Fan Milk Limited gained one cedi at 3,212 cedis, British American Tobacco was one cedi better at 2,806 cedis, Standard Chartered Bank inched up by one cedi at 58,611 cedis and SSB Bank also gained one cedi at 13,001 cedis.

Change in the year to date ended at 94.11 per cent.

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

ABL 460 AGC 28,650 ALW 4,000 BAT 2,806 +1 CFAO 74 CPC 630 EIC 7,110 FML 3,212 +1 GBL 905 +4 GCB 5,500 GGL 4,500 +348 HFC 3,000 +100 MGL 271 MLC 654 MOGL 24,200 PAF 750 PBC 1,200 PZ 2,600 SCB 58,611 +1 SPPC 390 SSB 13,001 +1 SWL 288 TBL 7,800 UNIL 9,300 +90 CMLT 520

10 Oct.03