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Business & Finance | Jan 17, 2005

GCB gain pushes up Stock Index

GNA

Accra, Jan. 17, GNA - An impressive price gain by Ghana Commercial Bank (GCB) on Monday lifted up trading on the Ghana Stock Exchange (GSE) with the main stock index recording a big jump.

The GSE All-Share Index, the main stock index, rose by 73.51 points on the back of 1,215 cedis price appreciation by GCB to close at 6,888.24 points up from 6,814.73 points registered on Friday. Change for the year now stands at 1.32 per cent.

Shares that changed hands closed higher at 1,160,300 shares buoyed by investors' confidence in shares of GCB, Starwin Products Limited (SPL) and Cocoa Processing Company (CPC).

There were three price changes, all positive.

Ghana Commercial Bank was 1,215 cedis richer at 11,500 cedis while Mobil Oil Ghana Limited (MOGL) and Benso Oil Palm Plantation (BOPP) went up by five cedis each to close at 39,005 cedis and 6,575 cedis, respectively.

Market capitalisation closed at 97,865.45 billion cedis from 3,663.42 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 6,575 +5

CAL 3,400 CFAO 240 CLYD 1,330 CMLT 970 CPC 1,000 EIC 8,000 FML 20,000 GBL 1,600

GCB 11,500 +1,215

GGL 12,700 HFC 10,000 MGL 275 MLC 3,100

MOGL 39,005 +5

PAF 800 PBC 3,600 PZ 4,850 SCB 170,000 SPL 760 SPPC 390 SG-SSB 27,000 SWL 290 TBL 31,000 UNIL 22,000

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