Fan Milk gain pushes market indicator
Accra (Greater Accra) 15 June 2000
A 100-cedi gain by Fan Milk
Limited (FML) pushed the Ghana Stock Exchange All-Share Index up 1.05 points at
midweek trading as the bourse continued to be dominated by bearish sentiments.
The GSE All-Share Index, the main
market indicator, closed at 816.48 points from 815.43 points last Monday.
FML was the only equity that
registered a price change during a dull trading as 12 out of the 23 listed
equities had negative pressure on them.
Only two equities - Accra Brewery
Limited (ABL) and Guinness Ghana Limited (GGL) - had positive pressures. There
was no pressure on the remaining eight equities. FML gained 100 cedis to end
trading at 6,100 cedis.
Market Capitalisation went up as a
result of the gain closing marginally at 3,563.93 billion cedis from 3,561.95
billion cedis.
The change for the year to date
now stands at 10.91 per cent from 10.77 per cent on Monday. On the broader
level, the market continues to be offer-driven, with offers out-stripping
demand.
Shares traded dropped to 19,800
from 49,700 on Monday, indicating big investors' absence in trading activities
on the bourse. Offers were up at 2,122,710 from 1,858,930. Bids closed down at
125,600 from 158,800 registered on Friday.
Only eight of the listed equities
traded their shares. Ghana Commercial Bank (GCB) sold the highest number of
shares - 7,200 - while Metalloplastica Ghana Limited (MGL) sold 100 shares. Below
are the closing prices of listed equities in cedis:
ABL 530
AGC 18,600
ALW 2,600
BAT 440
CFAO 38
EIC 1,880
FML 1,200 +100
GBL 1,400
GCB 978
GGL 990
HFC 910
MGL 200
MLC 150
MOGL 17,500
PAF 300
PBC 520
PZ 800
SCB 22,000
SPPC 150
SSB 1,990
UNIL 1,850
UTCE 125
CMLT 422
GRi../