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05.01.2006 Business & Finance

Banking stocks pull index down

By GNA

Accra, Jan. 5, GNA - Huge price losses by two banking equities on Thursday pulled down the Ghana Stock Exchange main index by 44.36 points in a dull market and dragging it into negative.

The GSE All-Share Index, the main stock gauge, closed trading at 4,725.29 points from 4,769.65 points on Wednesday.

Change for the year now stands at -0.917 per cent. Total shares traded stood at 49,900 shares.

Market capitalisation also went down at 91,741.51 billion cedis. On the broader market, there were three price changes - two negative and one positive. Guinness Ghana Breweries Limited continued its outstanding performance by gaining one cedi at 7,751 cedis. Ghana Commercial Bank lost 540 cedis at 6,200 cedis and SG-SSB went down by 200 cedis at 7,000 cedis.

The following are the last prices of the listed equities in cedis:

ABL 1,300 AGA 300,000 AADs 3,000 ALW 5,003 BAT 3,050 BOPP 5,500 CAL 2,000 CFAO 400 CLYD 1,000 CMLT 1,700 CPC 600 EIC 6,857 FML 15,800

GCB 6,200 -540

GGBL 7,751 +1

GWEB 550 HFC 6,000 MLC 2,500 MOGL 38,000 PAF 800 PBC 3,000 PZ 6,500 SCB 130,000 SPL 580 SPPC 390

SG-SSB 7,000 -200 SWL 290 TBL 27,000 UNIL 15,400

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