Accra (Greater Accra) 03 July 2000
The major market indices of the Ghana Stock Exchange were unchanged on Monday as the market recorded one of its poorest trading sessions.
The GSE All-Share Index, which rallied on the strength of a 40-cedi gain by Home Finance Company (HFC) on Friday, marked time at 817.79 points as the market continued to be dominated by heavy bearish sentiments indicating the absence of big institutional players.
There was no price change. As many as 15 out of the 23 listed equities on the bourse had negative pressure on them while seven others had no pressure at all.
Only HFC, which made a 40-cedi gain on Friday, returned a positive pressure. It, however, did not trade any shares.
Market capitalisation and the change for year to date were unchanged at 3,566.40 billion cedis and 11.09 per cent respectively.
Only seven equities traded a mere 4,200 shares, down from 16,000. There were no trading in the remaining 16 equities. Accra Brewery Limited (ABL) which had bids of 79,500 sold only 300.
Bids equally fell from 114,000 on Friday to 85,700. Total shares offered were down nominally at 2,125,500 from 2,158,380.
Below are the closing prices of listed equities in cedis:
ABL 540
AGC 18,600
ALW 2,600
BAT 440
CFAO 38
EIC 1,880
FML 1,200
GBL 1,400
GCB 978
GGL 990
HFC 950
MGL 200
MLC 150
MOGL 17,500
PAF 300
PBC 520
PZ 800
SCB 22,000
SPPC 150
SSB 1,990
UNIL 1,845
UTCE 125
CMLT 422
GRi../