Market index down, shares traded up

Accra (Greater Accra) 11 May ’99

The Ghana Stock Exchange (GSE) All-Share Index opened trading on Monday weaker, but high demand for SSB Bank (SSB) shares pushed up volume of shares traded.

The main market index (All-Share index) slipped by 0.03 points to close trading at 818.17. It lost by 0.2 points on Friday.

Volume of shares traded went up from 545,200 to 659,500 out of which, 540,400 SSB shares offered were sold. It had posted 540,600 shares.

Offers were slightly higher at 2,878,350 compared to last Friday's 2,819,210 shares while bids stood at 1.1 million, down from the previous 1.2 million.

Market capitalisation was down slightly from 3,319.57 billion cedis to 3,319.52 billion cedis.

In the broader market, there was only one price change - Pioneer Aluminium Factory (PAF) lost three cedis to close trading at 345 cedis.

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

ABL 650

AGC 18,700

ALW 2,800

BAT 380

CFAO 50

EIC 2,000

FML 1,250

GBL 1,900

GCB 1,000

GGL 910

HFC 750

MGL 225

MLC 215

MOGL 16,800

PAF 345 -3

PZ 850

SCB 24,000

SPPC 244

SSB 1,650

UNIL 1,750

UTC-E 125

GRi../