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25.10.2004 Business & Finance

Stock market dips on GCB loss

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Accra, Oct. 25, GNA - The Accra bourse dipped on Friday as bearish sentiments continue to dominate the market after initial high performances early in the year all but vanish.

The GSE-All Share Index, the benchmark measure of the Exchange, fell 54.42 points, pulled down by a 1,000-cedi loss by Ghana Commercial Bank. It closed lower at 6,932.90 points as against 6,987.32 points at the previous close on Wednesday. The Change Year to Date now stands at 95.10 points. Total Shares traded improved slightly at 110,500 shares from 47,000 shares on Wednesday.

On the broader market, there were two price changes. Produce Buying Company gained 50 cedis at 3,600 cedis while GCB shed 1,000 cedis to end trading at 12,000 cedis.

Market Capitalisation closed at 97,029.50 billion cedis from 97,170.50 billion cedis on Wednesday.

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 GBL 1,500

GCB 12,000 -100

GGL 12,700 HFC 10,100 MGL 275 MLC 3,100 MOGL 38,200 PAF 800 PBC 3,600 PZ 4,500 SCB 170,000 SPPC 390

SG-SSB 27,000 SWL 290 TBL 31,000 UNIL 25,000