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Business & Finance | Nov 19, 2004

Huge Ghana Commercial Bank loss pulls down stock index

GNA

Accra, Nov. 19, GNA - A huge loss by Ghana Commercial Bank (GCB) in trading on Friday pulled down the main stock index as bearish sentiments continue to dominate the market.

The GSE All-Share Index went down by 143.2 points at 6,743.42 points from Wednesday's close of 6,886.62 points.

GCB, a blue chip stock, ended trading down by 2,000 cedis at 10,000 cedis. Produce Buying Company was also down by 100 cedis at 3,500 cedis but Camelot rose by 80 cedis at 890 cedis.

Change for the year ended at 89.77 per cent from Wednesday's close of 93.80 per cent while market capitalization was poorer at 96,841.24 billion cedis from 3,580.79 million issued shares.

Total shares traded improved at 367,900 shares from 131,000 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 8,500 CAL CFAO 200 CLYD 1,210

CMLT 890 +80 CPC 1,000 EIC 8,000 FML 20,000 GBL 1,500

GCB 10,000 -2,000 GGL 12,700 HFC 10,000 MGL 275 MLC 3,100 MOGL 38,210 PAF 800

PBC 3,500 -100

PZ 4,600 SCB 170,000 SPPC 390 SG-SSB 27,000 SWL 290 TBL 31,000 UNIL 24,000

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