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27.10.2004 Business & Finance

Stock market slumps on PBC loss

By GNA

Accra, Oct. 27, GNA - The Accra bourse slumped in trading on Wednesday on the loss of Produce Buying Company (PBC) in quiet trading.

PBC lost 50 cedis at 3,550 cedis on a day that 47,000 shares changed hands from another low of 43,600 cedis on Monday.

The Ghana Stock Exchange All-Share Index, the main market indicator, went down by 9.26 points to 6,987.32 points from Monday's close of 6,996.58 points.

There were only two price changes, one up and one down. Fan Milk Limited gained one cedi at 20,001 cedis.

Change for the year was down at 96.64 per cent from 96.90 per cent on Monday.

Market capitalisation closed lower at 97,170.50 billion cedis compared to 97,194.48 billion cedis during the previous trading from 3,425.70 million issued shares.

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

ABL 1,480 AGA 300,000 AADs 3,006 ALW 10,000 BAT 7,700 BOPP 10,000 CFAO 170 CLYD 1,300 CMLT 800 CPC 1,000 EIC 8,000

FML 20,001 +1

GBL 1,500 GCB 13,000 GGL 12,700 HFC 10,100 MGL 275 MLC 3,100 MOGL 38,200 PAF 800

PBC 3,550 -50

PZ 4,600 SCB 170,000 SPPC 390 SG-SSB 27,000 SWL 290 TBL 31,000 UNIL 25,000

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