GRi Business 20-04-99

 

Stock Exchange opens trading weaker

Accra (Greater Accra) 20 April 

The Ghana Stock Exchange (GSE) continued its slide during trading on Monday with the main market index, the GSE All-Share Index, losing 0.9 points to close at 821.34 points with no price gains but one loss.

The index closed last Friday at 822.24 points.

The market, which has been overshadowed by bearish sentiments, saw investors showing no inclination of acquiring new shares with prices of equities remaining high.

The volume of shares traded was down from last Friday's 192,500 to 23,900 with only six equities making sales while bids were also lower at 453,700 shares from 1.023 million shares.

Market capitalisation finished slightly lower at 3.324 billion cedis from the previous 3.325 billion cedis with offers standing at 2.5 million shares down from Friday's 3.3 million shares.

In the broader market, there was only one price change SSB Bank (SSB) lost 20 cedis to finish trading at 1,730 cedis. 

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

ABL 650

AGC 18,700

ALW 2,800

CFAO 56

EIC 2,010

FML 1,250

GBL 1,940

GCB 1,000

GGL 900

HFC 750

MGL 225

MLC 245

MOGL 16,350

PAF 348

PTC 400

PZ 850

SCB 24,000

SPPC 244

SSB 1,710 -20

UNIL 1,750

UTC-E 125