24.09.2004 Business & Finance

SG-SSB loss pulls market Index down

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Accra, Sept. 24, GNA - The GSE All-Share Index, the main market gauge of the Accra Bourse, fell heavily on Friday brought down by the loss of blue chip SG-SSB as bearish sentiments continued to dominate the market.

The index dropped by a whopping 102.42 points because of a 4,000 cedis loss by SG-SSB to bring the index down to 6,987.87 points as against 7,090.29 points on the previous close on Wednesday. Shares that changed hands, however, were up at 252,900 from 220,200 shares.

Change year to date slipped for the second time in the week at 96.65 per cent.

Market capitalisation dipped for the second time in succession at 97,172.02 billion cedis compare to 97,437.40 billion cedis on Wednesday. There were three price changes, two up and one down.

Benso Oil Palm Plantation (BOPP) continued its good run with a gain of 450 cedis at 10,500 cedis and FanMilk continued its impressive run with another 200 cedis price appreciation to end the week at 13,200 cedis.

The only loser was SG-SSB, which shed 4,000 cedis, to bring its price down to 27,000 cedis.

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

ABL 1,480 AGA 300,000 AADs 3,006 ALW 10,000 BAT 7,800

BOPP 10,500 +450

CFAO 160 CLYD 1,300 CMLT 800 CPC 1,000 EIC 8,005

FML 13,200 +200

GBL 1,500 GCB 13,500 GGL 12,700 HFC 10,100 MGL 275 MLC 3,100 MOGL 37,511 PAF 800 PBC 3,600 PZ 4,550 SCB 170,000 SPPC 390

SG-SSB 27,000 -4,000

SWL 290 TBL 31,400 UNIL 25,000

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