Drab session at Stock Exchange

Accra (Greater Accra), 22^nd June 99 –

The Ghana Stock Exchange (GSE) All-Share Index opened on Monday weaker in a drab trading session that saw the index slipping by 0.24 points to 791.79.

The index, which performed relatively well last Monday and Wednesday but fell on Friday, closed that week at 792.03.

On Monday, only seven of the 21 listed equities sold 93,500 shares, a slight decrease from the previous volume of 101,200.

Offers were lower at 3,168,930, down from 3,208,070 while bids closed down from 361,100 to 269,500.

Market capitalisation ended lower at 3,285.89 billion cedis as against Friday's 3,294.52 billion cedis.

In the broader market, two equities registered losses and there was no gainer.

Enterprise Insurance Company (EIC) and Pioneer Aluminium Factory lost 10 cedis and 20 cedis to close trading at 1,990 cedis and 300 cedis respectively.

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

ABL 600

AGC 18,700

ALW 2,800

BAT 380

CFAO 40

EIC 1,990 -10

FML 1,250

GBL 1,890

GCB 800

GGL 925

HFC 750

MGL 225

MLC 215

MOGL 16,800

PAF 300 -20

PZ 850

SCB 22,499

SPPC 244

SSB 1,910

UNIL 1,735

UTC-E 125

GRi.../