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05.03.2006 Business & Finance

GSE all share index down by 2.14 points.


Takoradi, March 5, GNA - The Ghana Stock Exchange (GSE) all share index went down by 2.14 points from the previous week's 4,736.24 to 4,728.13 to close the week on February 24.

However the year to date loss went up from 0.86 percent to 0.90 percent.

These were contained in Stock Watch, a weekly review of trading activities on the GSE, compiled by the Gold Coast Securities Limited. (GCS).

The total market capitalisation went up by 92.62 billion cedis from the week's trading on February 10, which stood at 91.749.06 billion cedis. The week's performance therefore compared even poorer to 19.89 percent and 0.65 percent recorded during the same period in 2004 and 2005 respectively.

Shares of Aluworks Limited (ALW) and Guinness Ghana Breweries Limited (GGBL) have been sustaining the market and consistently making gains from the beginning of the year. The two companies made a 40 cedis and eight cedis price gains respectively.

ALW capital gain stood at 14 percent, GGBL capital gain stood at 8.6 percent and Enterprise Insurance Company (EIC) gained 0.03 percent and were the best three performing stocks respectively. A total of Standard Chartered Bank's (SCB) 17,482.267 issued preference shares were listed for trading on February 16. It is the first of its kind to be listed on the GSE.