GRi Business & Financial News

Stock index continues to maintain momentum

Inter –bank exchange rates

 

 

Stock index continues to maintain momentum

 

Accra (Greater Accra) 28 February 2002- The GSE All-Share Index continued to maintain its momentum on Wednesday when it appreciated by 2.02 points, thanks to gains by six equities.

 

The index, the main market indicator, ended up at 969.89 points from 967.87 points.

Change for the year was up at 1.46 per cent from 1.25 per cent on Monday.

 

Market capitalisation was also higher at 3,931.05 billion cedis from 3,927.12 billion cedis. On the broader market, there were six price changes, all positive.

 

Accra Brewery gained one cedi at 321, Enterprise Insurance Company gained four cedis t 3,121 cedis, Ghana Commercial Bank was up four cedis at 1,585 cedis, Home Finance Company gained five cedis at 950 cedis, Patterson Zochonis gained 49 cedis at 1,100 cedis and SSB Bank was up 20 cedis at 2,221 cedis.

 

Total Shares traded went up to 272,400 shares from 35,500. The following are the closing prices of the equities in cedis:

ABL                    321               +1

AGC            18,800

ALW               4,300                                     

BAT                    627

CFAO                 60

EIC                  3,121              +4       

FML                   950

GBL                 1,000

GCB                1,585              +4       

GGL                   910              

HFC                   950               +5

MGL                   241

MLC                   146  

MOGL         18,502                                        

PAF                    750              

PBC                    450

PZ                    1,100              +49                                         

SCB             20,552                

SPPC                  342  

SSB                 2,221              +20

UNIL               2,600 

CMLT                430

GRi…/

 

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Inter –bank exchange rates

 

Accra (Greater Accra) 28 February 2002- The Ghana Association of Bankers, on Wednesday February 27, 2002, announced the following average inter bank exchange rates of

the cedi to the dollar and derived rates for other major foreign currencies.

 

Currency                                  Buying                          Selling

 

US Dollar                                 7,351.73                                  7,584.00

Pound Sterling       10, 412.99                   10,745.77

Swiss Franc                              4,304.13                                  4,438.20

Canadian Dollar                        4,569.91                                  4,712.02

Japanese Yen                  54.68                                       56.39

S/African Rand               644.73                                     663.30

Euro                                         6,349.38                                  6,578.31

CFA Franc                                   9.68                             9.98

Naira                                           65.66                                       67.74

ECOWAS/WAUA                        9,499.55                            ----------

GRi…/

 

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