Accra (Greater Accra) 27 July 2000
Traded volumes on the Ghana Stock Exchange shot up dramatically on Wednesday to close at 104,500, nine times more than the relative low of 11,600 recorded on Monday.
The gain was on the strength of an advancing Aluworks, which sold all 82,800 shares posted.
However, the market was still dominated by intense negative pressure. Despite the gains, the GSE All-Share Index, the main market indicator, marked time for the second time in the week.
It closed trading at 821.86 points, same as on Monday. Total market capitalisation and the change for the year to date remained the same at 3,574.04 billion cedis and 11.64 per cent respectively.
On the broader market, there was no price change. As many as 15 equities returned negative pressure while six others had no pressure at all. Camelot (CLMT) and Super Paper Products Company (SPPC), however, had positive pressure.
Six equities sold a total of 104,500 shares out of 125,300 posted. ALW sold the highest of 82,800 shares while Ghana Commercial Bank (GCB) sold all, except 100 of the 20,400 shares posted.
Offers went up at 2.2 million from 1.9 million on Monday. Bids were equally up at 125,300 more than four times the previous mark of 24,900. Below are the closing prices of listed equities in cedis:
ABL 620
AGC 18,600
ALW 2,600
BAT 440
CFAO 38
EIC 1,880
FML 1,200
GBL 1,400
GCB 1,000
GGL 990
HFC 950
MGL 200
MLC 150
MOGL 17,500
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