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Business & Finance | May 12, 2004

Stock Market Review

Accra Mail

The Ghana Stock Exchange All-Share index appreciated by 168.20 points during the week under review. The year-to-date performance of the market was 85.86% by the weekend with the GSE index closing at 6604.48 points.

Volume traded went 90% up from the previous week's volume of 916,900 shares to 1,745,300 shares for the week under review. With a turnover of ¢7.5 billion, total market capitalisation for the period increased by 0.2% to ¢95,803 billion as compared to ¢95,648 billion for the proceeding week.

Trust Bank of The Gambia again, topped the list of stocks that recorded price gains. At a closing price of ¢27,000 per share, the equity gained 8% on the previous week's price as a result of high investor interest in the foreign Bank.

Cocoa Processing Company appreciated by 4% to close at ¢1,547per share, while Fan Milk increased by 3.1% to ¢6,700 per share. Ghana Commercial Bank and SG-SSB Bank went up 1.7% and 1.4% to end the week at ¢17,900 and ¢30,000 respectively per share. British American Tobacco finished trading on Friday at ¢7,800 per share, up 1.3%, while Guinness Ghana Ltd. closed 0.9% higher to ¢11,303 per share.

Pioneer Aluminium Factory inched up by 0.7% to close at ¢755 a share. HFC Bank rose 0.5% to ¢9,705 per share. Unilever Ghana Ltd. and AngloGold Ashanti Depository traded for ¢20,120 and ¢3,005 per shares to close 0.3% and 0.2% higher. Ghana Breweries Ltd. the only stock that depreciated in price, dipped by 11.8% to close the week at ¢1,500 per share.

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