GRi Business, Economics & Finance 17 – 09 - 2002

 

 

Absence of big investors continues to dominate stock exchange

 

Accra (Greater Accra) 17 September 2002-The absence of big investors on the Ghana Stock Exchange (GSE) continues to be pronounced as shares changing hands remains poor.

 

Although the GSE All-Share Index went up by 0.71 points to 1,305.20 points, shares traded remained the same - a mere 9,800. Only four of the 23 equities on the bourse sold shares with British American Tobacco (BAT) recording the highest of 6,600.

 

Change for the year went up to 36.53 per cent from 36.46 per cent while market capitalisation was also higher at 4,850.50 billion cedis from 4,849.13 billion cedis. In the broader market, there were three price changes, all positive. Ghana Commercial Bank (GCB) was seven cedis higher at 3,340 cedis, SSB Bank was two cedis higher at 3,876 cedis and BAT gained one cedi at 952 cedis.

 

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

ABL                    380

AGC                18,805

ALW                4,000

BAT                          952                     +1

CFAO                 66

EIC                   4,510

FML                 1,627

GBL                          900

GCB                 3,340              +7

GGL                         912

HFC                         955

MGL                         254

MLC                         261

MOGL                   19,710

PAF                          750

PBC                          400

PZ                     1,850

SCB                       26,020

SPPC                        387

SSB                  3,876              +2

SWL                         285

UNIL                4,217

CMLT                      460

 

GRi…/

 

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