Economy faces bleak future, Minister
Accra (Greater Accra) 27 Oct '99
The Ghana Stock Exchange (GSE) recorded yet another negative result in trading on Wednesday, showing a deepened lack of investor interest on the Accra bourse.
This follows a string of negative or stalled performance over the last few weeks in which investors adopted an overwhelming selling mood and put as much as 1.169 million shares on the offer tray.
Demand pegged at just 137,700 from marginal demands in the shares of CFAO, Mechanical Lloyd Company (MLC) and SSB Bank Limited.
The GSE All-Share index read negative at minus 1.25 closing at 760.46 points from a previous 761.71 points.
The Change in Year to Date closed at minus 12.42 percent.
Total shares traded today finished lower again at a meagre 32,700 shares.
There was no trading in the shares of 15 equities.
Market capitalisation closed at 3,239.20 billion cedis as against 3,241.17 billion cedis registered on Monday.
In the broader market, two equities lost while the others maintained their previous closing prices.
Guinness Ghana Limited (GGL) dropped 10 cedis to end at 980 cedis while Standard Chartered Bank (SCB) lost 50 cedis to close trading at 19,700 cedis per share.
Ashanti Goldfields Company (AGC) maintained its last price despite the liquidity crisis facing the company due to the margin calls by her counterparties.
The following are the last prices of listed equities:
ABL 400
AGC 18,700
ALW 2,495
BAT 440
CFAO 40
EIC 1,880
FML 1,000
GBL 1,500
GCB 850
GGL 980 -10
HFC 750
MGL 220
MLC 170
MOGL 15,850
PAF 270
PZ 800
SCB 19,700 -50
SPPC 180
SSB 1,980
UNIL 1,870
UTC-E 125
CMLT 420
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