All_Share index declines as market continues to seesaw

Accra (Greater Accra), 22 February 2000

The seesaw mood of the Accra bourse continued on Monday as the main market indicator, the All-Share Index, declined by 0.9 points from 742.18 points to 741.27 points.

The change for the year to date is 0.69 per cent.

The market indicator, after recording modest gains early this year, has seesawed as the bearish mood of the bourse continued with low volumes.

Market capitalisation dropped from 3,214.90 billion cedis to 3,213.48 billion cedis.

During trading, some of the equities could not attract bids in a number of calls that were made. Shares of only nine out of the 22 listed equities were traded in while 18 equities made offers.

Total shares of 314,700 traded were less than half the 743,900 shares traded on Friday.

Offers also declined from 1.3 million to 947,130 shares with bids beginning the week lower at 316,700 shares from 2.1 million shares.

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

Home Finance Company Limited (HFC) for the second time this year gained five cedis to close at 760 cedis after remaining at 750 cedis for more than 12 months.

Ghana Commercial Bank (GCB) and Unilever Ghana Limited (UNIL) lost 10 cedis and a cedi to close at 750 cedis and 1,849 cedis respectively.

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

ABL 470

AGC 18,700

ALW 2,489

BAT 466

CFAO 39

EIC 1,880

FML 935

GBL 1,450

GCB 750 -10

GGL 974

HFC 760 +5

MGL 200

MLC 150

MOGL 14,500

PAF 294

PZ 800

SCB 19,200

SPPC 150

SSB 1,980

UNIL 1,849 -1

UTC-E 125

CMLT 421

GRi../