GRi Business News 23-03-99

Stock Market upbeat

Accra (Greater Accra) 23 March 

Trading was upbeat Monday at the Ghana Stock Exchange, but renewed profit taking sent the volume of shares traded down.

Total volume of shares finished low at 20,650, compared with more than one million during the last session.

The GSE All-Share Index gained 4.82 points to 834.21 points from the 829.40 points registered at the last session due to gains in three major equities.

The change in year to date closed at minus 3.93 per cent.

Offers dipped to 4.1 million shares from the 14.2 million posted during Friday's trading session, while 469,810 shares were demanded.

Market capitalisation closed at 3.2 billion cedis, out of the 995.49 million issued shares.

On the broader market, three equities made gains, and there was no loss.

Fan Milk Limited (FML), which has a high investor interest, went up by 200 cedis to end trading at 1,300 cedis, while GCB finished higher at 1,000 cedis, gaining 20 cedis in the process.

Pioneer Tobacco Company (PTC) gained five cedis to end at 405 cedis.

The following are the last prices of listed equities:

ABL 750

AGC 18,700

ALW 2,800

CFAO 56

EIC 2,010

FML 1,300 +200

GBL 1,950

GCB 1,000 +20

GGL 900

HFC 750

MGL 225

MLC 245

MOGL 16,400

PAF 350

PTC 405 +5

PZ 850

SCB 24,000

SPPC 244

SSB 1,860

UNIL 1,795

UTC-E 125