GRi BEF News 02-07-99

Volumes soar in active trading

 

 

Volumes soar in active trading

Accra (Greater Accra) 2nd July ’99

Market volumes on Wednesday soared in an active session that saw the Ghana Stock Exchange (GSE) All-Share Index appreciating again, this time by 7.59 points, to close mid-week trading at 806.12.

The market index thus maintained its upward trend on the strength of a 100-cedi gain by Ghana Commercial Bank (GCB) despite a huge loss by the Standard Chartered Bank (SCB). The index gained 10.36 points on Monday.

Change in the year to date stood at negative, 7.17 per cent.

Volume of shares traded was higher at 260,200 shares, up from 49,100 with a huge chunk of 238,700 shares being sold by the SSB Bank (SSB).

Market capitalisation finished higher at 3,308.52 billion cedis compared to 3,296.50 billion cedis recorded on Monday.

Demand closed trading higher at 750,900 shares, up from 152,200 but was far outstripped by offers that also finished higher from 2.9 million shares to three million.

The market recorded three price changes - one up and two down.

GCB for the second time in the week gained 100 cedis to close the day at 1,000 while Pioneer Aluminum Factory (PAF) and SCB lost five cedis and 300 cedis at 295 cedis and 22,000 cedis respectively. SCB, however, remains the highest priced equity.

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

ABL 600

AGC 18,700

ALW 2,700

BAT 380

CFAO 45

EIC 1,990

FML 1,250

GBL 1,880

GCB 1,000 +100

GGL 925

HFC 750

MGL 225

MLC 200

MOGL 16,800

PAF 295 -5

PZ 850

SCB 22,000 -300

SPPC 230

SSB 1,910

UNIL 1,730

UTC-E 125

GRi../