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03.06.2004 Business & Finance

Ghana Stock Exchange in strong performance

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Accra, June 3, GNA - Ghana stocks rallied on Friday thanks to the big advance of banking equities as the bourse reversed the lacklustre performance in the two previous trading sessions in the week. The GSE-All Share Index, the main market measure, leapt a whopping 20.61 points on the back of 10 share price appreciations as investors confidence returned to the market.

Change Year to Date stood at 93.59 per cent. Traded volumes also went up marginally at 195,100 shares as against 165,900 shares at the previous close.

In the broader market, there were 11 price changes - 10 positive and a negative.

Standard Chartered Bank (SCB) led the pack of price appreciations with a gain of 2,100 cedis to close at 92,100 cedis; Trust Bank Limited (TBL) went up 200 cedis at 31,200 cedis; Accra Brewery Limited (ABL) was up 100 cedis at 900 cedis; Clydstone (CLYD) was 50 cedis richer at 650 cedis and Cocoa Processing Company (CPC) gained five cedis at 1,755 cedis and Fan Milk continued its steady climb with a 10 cedis rise at 7,210 cedis.

Guinness Ghana Limited (GGL) went up one cedi at 12,108 cedis; Patterson Zochonis made 50 cedis at 3.350 cedis; SG-SSB had 15 cedis at 31,070 cedis and Unilever (UNIL) two cedis at 20,670 cedis. The only loser for the session was Produce Buying Company (PBC), which shed 50 cedis at 3,850 cedis.

Market Capitalisation was stronger at 96,507.71 billion cedis from 3,301.08 million issued shares compared to 96,454.90 billion cedis at the previous close on Wednesday.

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

ABL 900 +100

AGA 300,000

AADs 3,005

ALW 12,500

BAT 7,802

CFAO 97 CLYD 650 +50 CMLT 675 CPC 1,755 +5 EIC 17,306 FML 7,210 +10 GBL 1,500 GCB 18,200 GGL 12,108 +1

HFC 10,108 MGL 275 MLC 3,100 MOGL 40,200 PAF 760

PZ 3,350 +50

SCB 92,100 +2,100

SPPC 390

SG-SSB 31,070 +15

SWL 290

TBL 31,200 +200

UNIL 20,670 +2

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