GRi Business,
Economics & Finance 07 – 01 - 2003
Accra (Greater Accra) 07 January
2003- The GSE-All Share Index, the main market indicator, was barely unchanged
in trading on Monday, rising by a mere 0.13 points in a dull market that saw
only 22,000 shares changing hands.
The bourse has had a blend of
mixed fortunes since the beginning of trading this year. It started the year on
a weak note moving up 0.05 points on Thursday but rallied by 3.36 points on
Friday on the back of a 1,000 cedi gain by Ashanti Goldfields Company (AGC).
The index closed trading up
marginally at 1,398.85 from 1,398.72 points. Traded volumes were up at 22,000
shares from 10,700 shares on Friday, with Aluworks leading the pack with a sale
of 3,700 shares.
There were three positive price
changes. Fan Milk made two cedis at 1,788 cedis, Ghana Commercial Bank was up
one cedi at 3,519 cedis and Unilever gained one cedi at 4,806 cedis.
Change for the year now stands
at 0.254 per cent. Market capitalisation was up 6,314.18bn cedis from 6,313.01bn
cedis at the previous close.
The following are the last
prices of listed equities in cedis:
ABL 390
AGC 28,000
ALW 3,700
BAT 1,001
CFAO 67
EIC 4,600
FML 1,788 +2
GBL 500
GCB 3,519 +1
GGL 1,050
HFC 955
MGL 254
MLC 272
MOGL 19,730
PAF 750
PBC 390
PZ 2,005
SCB 28,700
SPPC 387
SSB 4,000
SWL 285
TBL 4,850
UNIL 4,806 +1
CMLT 460
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Tema (Greater Accra)
Iddisah, who is also a monitoring
officer, has pleaded not guilty and is on a 120m cedis bail, pending a report
from the Attorney-General's Department. Prosecuting, ASP Robert Aganiba stated that TOR has three main tanks, numbers 101,
102, and 103 at the Accra Plains Deport near the Kpone
Police barrier.
He said tank 101 and 102 store
diesel, while 103 stores gasoline super. He told the court that in order to
prevent spillage and other technical problems, adequate monitoring measures
were instituted when finished products are being pumped into the tanks.
He said on
ASP Aganiba
said accused person found out that tank number 101 was not filled to its
capacity as claimed by his colleague. He therefore, changed over supply from
102 to 101 with the view to filling it to the required level.
However, he left the site,
allegedly to attend to nature's call. The court heard that a security man on
duty in the area later heard an unusual noise from the direction of tank 101
and rushed there just to find that it had over flowed.
The prosecution said the
security man went round and found Iddisah asleep. He
woke the accused up but he could not immediately control the spillage, thereby
wasting volumes of oil.
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