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11.02.2005 Business & Finance

GCB gain lifts GSE benchmark

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Accra, Feb. 11, GNA - A significant gain in share price of Ghana Commercial Bank (GCB) lifted the benchmark of the Ghana Stock Exchange (GSE) on Friday to bring life into the All-Share Index, which had recently shed valuable points at the beginning of the first quarter of the year as predicted by Analysts.

They had said the Market recorded a sterling performance in the past year leading to the overpricing of some of the shares and that market forces would bring them back to their normal prices. Friday's trading, however, saw the All-Share Index go up by 20.57 points to reach 6,854.93 points, up from Wednesday's close of 6,834.36 points.

Shares traded closed at 180,300 shares.

Mechanical Llyod (MLC) lost 100 cedis at 3,000 cedis, but there were three price gains.

Benso Oil Palm Plantation (BOPP) gained 15 cedis at 6,795 cedis, Ghana Commercial Bank (GCB) appreciated by 350 cedis at 13,000 cedis, Patterson Zochonis (PZ) was 95 cedis better at 5,100 cedis and CFAO was up by one cedi at 247 cedis.

Market capitalisation closed at 97,768.62 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 3,000 ALW 8,000 BAT 5,000

BOPP 6,735 + 15

CAL 3,400

CFAO 247 + 1

CLYD 1,330 CMLT 1,100 CPC 1,000 EIC 8,000 FML 20,000 GBL 1,600

GCB 13,000 + 350

GGL 12,500 HFC 9,500 MGL 275 MLC 3,000 MOGL 39,010 PAF 800 PBC 3,600

PZ 5,100 + 95

SCB 170,000 SPL 750 SPPC 390 SG-SSB 27,000 SWL 290 TBL 31,000 UNIL 22,000

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