Stock market opens week on positive note

Accra (Greater Accra) 17 Aug. ’99

The stock market on Monday opened trading on a positive note with the market index gaining 6.75 points as a result of big gains by two equities.

The market index, the GSE All-Share Index, closed the day's trading higher at 790.12 points compared to last Friday's closing of 783.37 points.

Total shares traded were, however, lower at 166,200 from 236,800 shares, even though, investors bid for 1,023,300 shares. Bids closed on Friday at 288,600 shares.

Offers slid significantly from 2.1 million shares to 1.7 million shares but market capitalisation finished higher at 3,283.28 billion cedis compared to Friday's close of 3,272.66 billion cedis.

In the broader market, there were three price changes - two up and one down.

Unilever Ghana Limited (UNIL) gained 150 cedis to finish trading at 1,950 cedis while Aluworks Company Limited made 100 cedis at 2,600 cedis.

Super Paper Products Company (SPPC), the only loser was down nine cedis to close trading at 180 cedis.

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

ABL 400

AGC 18,700

ALW 2,600 +100

BAT 410

CFAO 40

EIC 1,990

FML 1,249

GBL 1,550

GCB 893

GGL 1,015

HFC 750

MGL 220

MLC 190

MOGL 16,000

PAF 290

PZ 840

SCB 21,060

SPPC 180 -9

SSB 1,980

UNIL 1,950 +150

UTC-E 125

GRi../