GRi BEF News Ghana 18 – 04 - 2000

 

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…/