GRi Business & Financial News 08 – 03 - 2002

British Trade Mission tours Ghana from 15-20 March

Stock index makes another impressive gain

 

 

British Trade Mission tours Ghana from 15-20 March

 

Accra (Greater Accra) 08 March 2002 - A group of 19 companies from the London Chamber of Commerce and Industry (LCCI) would visit Ghana from March 15 to 20 to establish new relationships with Ghanaian companies and build existing ones.

 

A statement issued in Accra on Thursday by the British High Commission said the visit, jointly funded by Trade Partners UK, the British Government's export promotion body, would be led by Ms Claire Pover.

 

It said various sectors represented by the group include builders merchants, corporate gifts and promotional materials, petroleum products and oil refineries, mobile telephones and telecommunications infrastructure, dust and fume control equipment, brassware manufacturers, spare parts for British diesel engines and genrator sets and accessories.

 

Other areas are concrete block making machinery, freight forwarding, total healthcare solutions, framework suppliers, industrial engineering products and training and consultancy services, among other things. The Chamber organises over 20 missions all over the world each year.

GRi../

 

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Stock index makes another impressive gain

 

Accra (Greater Accra) 08 March 2002 - The GSE All-Share Index made another impressive gain on Thursday going up by 4.94 points. The bourse, which started the year on a very slow note, has begun to sparkle and has made a string of gains during the past couple of weeks.

 

The index gain ended trading at 983.57 points from Monday's close of 978.63 points on the back of gains by UNIL, SSB Bank and Ghana Commercial bank. There was no trading on Wednesday, which was a national holiday to celebrate Ghana's Independence.

 

Change for the year also went up to 2.89 per cent from 2.37 per cent while market capitalisation increased to 3,957.55 billion cedis from 3,947.99 billion cedis. On the broader market, there were three price changes, all positive. SSB Bank led the way with a 100 cedi-gain at 2,500 cedis. Ghana Commercial Bank gained 11 cedis at 1,621 cedis while UNIL gained 10 cedis at 2,610 cedis.

 

Total Shares traded also increased from 44,300 shares to 226,500 shares. The following are the closing prices of the equities in cedis:

ABL                    321              

AGC            18,800

ALW               4,300                                     

BAT                    627

CFAO                 60

EIC                  3,121                         

FML                   950

GBL                 1,000

GCB                1,621              +11

GGL                   910              

HFC                   950              

MGL                   241

MLC                   147                          

MOGL         18,502                                        

PAF                    750              

PBC                    450

PZ                    1,100                                                             

SCB             20,553                

SPPC                  342  

SSB                 2,500  +100               

UNIL               2,610  +10

CMLT                430

GRi../

 

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