All-Share Index fails to sustain gains
All-Share Index fails to sustain gains
Accra (Greater Accra Region) 18 April 2000
The All-Share Index of the Accra bourse on Monday slipped by 0.07 points after a dramatic surge of 93.39 points on Friday to 863.97 points.
The All-Share Index, the main market indicator, which has been swinging between gains and losses, went the opposite way on Monday after huge gains by three equities on Friday leading to the record rise for this year.
Last week's gain saw the index, which opened the year at 737.21 points, soaring to 864.04 points.
Bearish sentiments reflected in low trading volumes characterised activities on the market with only five out of the 22 listed equities recording a total volume of 54,300.
The bulk of the shares traded went to CFAO Limited (CFAO), which lost two cedis after selling 39,200 shares out of 59,000 shares posted.
Ghana Commercial Bank (GCB) sold 12,800 shares followed by Guinness Ghana Limited (GGL), which sold 1,200 shares.
The rest were Camelot Ghana Limited (CMLT) 1,000 and Pioneer Aluminium Factory (PAF) 100. Shares traded on Friday were lower at 50,000.
Total shares posted were 2.2 million but shares demanded declined from 148,500 to 108,400 while market capitalisation went down to 3,396.55 billion cedis from 3,396.66 billion cedis. In the broader market, there were two price changes - one up and one down. CMLT gained one cedi at 422 cedis while CFAO dropped two cedis 40 cedis to 38 cedis.
The following are the last prices of listed equities in cedis:
ABL 500
AGC 18,600
ALW 2,450
BAT 459
CFAO 38 -2
EIC 1,880
FML 972
GBL 1,450
GCB 970
GGL 976
HFC 805
MGL 200
MLC 150
MOGL 14,800
PAF 294
PZ 800
SCB 27,000
SPPC 150
SSB 1,998
UNIL 2,300
UTC-E 125
CMLT 422 +1
GRi…/