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08.09.2003 Business & Finance

GSE Index declines after successive gains

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Accra, Sept. 8, GNA - The Ghana Stock Exchange (GSE) on Monday registered a decline in its main indicator, the All-Share Index, after successive gains recorded in the recent past.

The All-Share Index declined by 4.55 points after Ghana Commercial Bank (GCB) lost another 100 cedis in a market that saw the volume of shares traded drop to 89,300 from Friday's close of 202,600. The GSE All-Share Index ended at 2,593.77 points from 2,598.32 points.

The change in year to date moved downwards from 86.22 per cent to 85.89 per cent.

Market capitalization opened the week lower at 10,139.65 billion cedis from last week's close of 10,151.14 billion cedis. On the broader market, there were seven price changes - six positive and one negative.

Ghana Commercial Bank lost 100 cedis for the third time to begin the week's trading at 7,800 cedis. British American Tobacco was up a cedi at 2,301 cedis, Guinness Ghana Limited gained two cedis at 3,802 cedis, Fan Milk Limited went up by four cedis at 2,940 cedis. Produce Buying Company went up seven cedis to 1,108 cedis, SSB Bank was up by two cedis to close at 8,002 cedis and Unilever finished at 8,720 cedis with an 18-cedi gain.

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

ABL 460 AGC 28,650 ALW 4,000 BAT 2,301 +1 CFAO 74 CPC 630 EIC 6,800 FML 2,940 +4 GBL 800 GCB 7,800 -100 GGL 3,802 +2 HFC 2,650 MGL 270 MLC 600 MOGL 24,050 PAF 750 PBC 1,108 +7 PZ 2,254 SCB 58,505 SPPC 390 SSB 8,002 +2 SWL 288 TBL 7,000 UNIL 8,720 +18 CMLT 500

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