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29.03.2004 Business & Finance

Accra Bourse soars on the wings of five equities

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Accra, March 29, GNA - Five equities made substantial gains on Monday to push up the Ghana Stock Exchange All-Share Index by 44.87 points to 5,597.79 to bring the change for the year to date to 57.53 per cent. It had made a modest gain of 16.94 points during the Friday trading. Three other equities made some gains. Mobil Oil Ghana Limited (MOGL) led the pack with a gain of 498 cedis to close at 37,000 cedis; SSB Bank (SSB) and Unilever (UNIL) made 450 cedis each to close at 25,550 cedis and 18,500 cedis, respectively. Aluworks (ALW) and British America Tobacco (BAT) gained 300 cedis each to close trading at 8,900 cedis and 6,800 cedis, respectively.

Ghana Commercial Bank (GCB), which held its Annual General Meeting on Friday, posted a 90-cedi gain at 15,200 cedis, while Mechanical Lloyd Company (MLC) had 75 cedis at 1,600 cedis with Fan Milk Limited gaining one cedi at 5,206 cedis. A total of 151,400 shares were traded with MLC selling the biggest chunk of 81,500 shares followed by Produce Buying Company (PBC) with 40,300 shares. ALW sold 14,800 shares while 7,600 GCB shares changed hands. Market capitalisation went up to 17,780.58 billion cedis for 3,077.07 million issued shares from 17,667.26 billion cedis for the same number of shares on Friday.

The following are the last prices of listed equities in cedis: ABL 605 AGC 28,650 ALW 8,900 +300 BAT 6,800 +300 CFAO 85 CMLT 665 CPC 1,030 EIC 16,200 FML 5,206 +1 GBL 1,700 GCB 15,200 +90 GGL 9,360 HFC 9,001 MGL 275 MLC 1,600 +75 MOGL 37,000 +498 PAF 740 PBC 3,920 PZ 3,000 SCB 70,001 SPPC 390 SSB 25,550 +450 SWL 290 TBL 16,000 UNIL 18,500 +450