Accra (Greater Accra) 8 March 2000
Gains by two heavyweights on the Accra bourse lifted the Ghana Stock Exchange All-Share Index during trading that was one of the most positive for a very long time although negative pressure continued to dominate.
Standard Chartered Bank (SCB) and Ghana Commercial Bank (GCB), the second and fourth most capitalised equities, posted substantial gains that saw the GSE All-Share Index jumping up by 2.18 points to 743.72 points.
The change for the year also shifted up from 0.73 per cent on Friday to 1.03 per cent on Tuesday. Trading took place on Tuesday because Monday was a public holiday.
SCB gained an impressive 100 cedis to bring its share price to 19,300 cedis although only 1,300 shares were posted and sold while GCB gained 12 cedis at 760 cedis after selling 21,000 of 22,800 shares offered. Investors wanted to buy 74,700 GCB shares.
A two-cedi loss by CFAO at 40 cedis hardly affected the performance of the bourse.
Total shares offered were 621,350 compared with 666,610 while 138,600 shares were demanded compared with 28,910 on Friday. Total shares that actually changed hands were 78,300 compared with a paltry 7,610 last Friday.
Market capitalisation was 3,217.34 billion cedis.
The following are the last prices of listed equities in cedis:
ABL 470
AGC 18,700
ALW 2,489
BAT 464
CFAO 40 -2
EIC 1,880
FML 935
GBL 1,450
GCB 760 +12
GGL 974
HFC 760
MGL 200
MLC 150
MOGL 14,500
PAF 294
PZ 800
SCB 19,300 +100
SPPC 150
SSB 1,990
UNIL 1,849
UTC-E 125
CMLT 421
GRi../