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Business & Finance | Feb 18, 2005

GSE hits another bad patch as index slumps

GNA

Accra, Feb. 18, GNA - The main benchmark of the Ghana Stock Exchange (GSE) hit another bad patch in trading on Friday as the index slumped under the weight of significant losses by Aluworks and Fan Milk Limited.

The GSE All-Share Index lost 11.54 points at 6,839.98 points from Wednesday's close of 6,851.52 points. Change for the year also slipped by 0.61 per cent.

Shares traded closed higher at 163,600.

There were four price changes, two up and two down. Aluworks 350 cedis at 7,000 cedis, bringing the total loss of the equity during the week to 1,000 cedis and Fan Milk Limited slumped by a whopping 1,000 cedis at 19,000 cedis.

Benso Oil Palm Plantation (BOPP) continued its rise with 50 cedis at 7,050 cedis and CFAO gained five cedis at 255 cedis. Market capitalisation closed lower at 97,728.96 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 7,000 -350

BAT 5,000

BOPP 7,050 +50

CAL 3,400

CFAO 255 +5

CLYD 1,330 CMLT 1,200 CPC 1,000 EIC 8,000

FML 19,000 -1,000

GBL 1,600 GCB 13,010

GGL 12,500

HFC 9,500 MGL 275 MLC 3,000

MOGL 39,010 PAF 800 PBC 3,600 PZ 5,300

SCB 170,000 SPL 750 SPPC 390

SG-SSB 27,000 SWL 290 TBL 31,000 UNIL 22,000

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