Shares recover in active session
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Accra (Greater Accra) 18 Jan.
Shares prices continued their recovery on the Ghana Stock Exchange today,with the GSE All-Share Index going up by 0.28 points to close at 871.49 points, as against the 871.21 posted on Friday. Total shares traded dropped slightly to 124,360, down from 173,700 posted at the last session. There were 2.5 million offers and 407,710 bids. Market capitalisation appreciated to 3,366 billion cedis on the back of price appreciations in the shares of Ashanti Goldfields Company (AGC), Guinness Ghana Limited (GGL) and Mobil Oil Ghana Limited (MOGL). This compares with 3,351 billion cedis on Friday. In the broader market, eight equities saw price changes. Six went up, while two declined. AGC, riding on a success wave on the New York Stock Exchange (NYSE), went up by 150 cedis to close at 18,950 cedis. This is above the initial offer price of 18.000 cedis. Mobil Oil Ghana Limited, the most active stock since trading began this year, went up by 1,150 cedis to close at 19,900, the second most highly priced equity. GGL climbed by 50 cedis, to end at 950 cedis and Fan Milk Limited (FML) came out richer by 30 cedis to finish at 1,680 cedis. The other gainers were Mechanical Lloyd Company (MLC), which made six cedis to close at 226 cedis and SSB Bank, which appreciated by a cedi to end at 2,271 cedis. On the losing front, Ghana Commercial Bank (GCB) continued its losing streak today, dipping by 70 cedis, to end at 1,030 cedis, and Super Paper Products Company also went down a cedi to close at 250 cedis. The following are the prices of listed equities : ABL 800 AGC 18,950 +150 ALW 2,800 CFAO 55 EIC 2,400 FML 1,680 +30 GBL 2,000 GCB 1,030 - 70 GGL 950 +50 HFC 750=09 MGL 220 MLC 226 +6 MOGL 19,900 +1,150 =20 PAF 400 PTC 400 PZ 900 SCB 24,000 SPPC 250 -1 SSB 2,271 +1 UNIL 1,620 UTC-E 125