Gains by Stanchart and UNIL push main market index up

Accra (Greater Accra) 3 Aug. '99

Big gains on the stock market by Standard Chartered Bank (SCB) and Unilever Ghana Limited (UNIL) on Monday pushed the main market index up to open the week at 796.49 points.

The index, the Ghana Stock Exchange (GSE) All-Share Index, gained 8.68 points on the strength of high gains by the two equities.

The All-Share Index closed last week at 787.81 points. The change in the year to date stood at negative 8.27 per cent.

Market indicators opened the week recording high figures with bids closing at 2.3 million shares, up from 167,700 shares.

Shares traded ended at 222,700 as against 60,600 shares with offers also closing higher from 1.4 million shares to 2.1 million shares.

Market capitalisation ended at 3,293.30 billion cedis, up from 3,279.65 billion cedis.

On the broader market, four equities registered price changes - two up and two down.

SCB made 500 cedis at 20,500 cedis with UNIL recording 110 cedis to close trading at 1,890 cedis.

Ghana Breweries Limited (GBL) and Home Finance Company Limited (HFC) lost 50 cedis and one cedi to begin the week's trading at 1,600 cedis and 749 cedis respectively.

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

ABL 600

AGC 18,700

ALW 2,615

BAT 405

CFAO 45

EIC 1,990

FML 1,250

GBL 1,600 -50

GCB 984

GGL 980

HFC 749 -1

MGL 220

MLC 190

MOGL 16,000

PAF 290

PZ 850

SCB 20,500 +500

SPPC 195

SSB 1,980

UNIL 1,890 +110

UTC-E 125

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