Waning investor interest on GSE pushes index down

Accra, (Greater Accra) 20 July '99,

Low interest of investors on the Stock Exchange further pushed the GSE All-Share Index down by 0.25 points to 788.07 points.

This is reflected in the slump of the total shares traded to 13,500 from 481,000 on Friday.

The change during the year is minus 9.25 per cent, but dealers say they are optimistic that the fortunes of the market would change for the better "on the backs of market blue chips".

Shares on demand finished lower at 108,800 while offers were 1.8 million shares. Only seven equities had their equities traded in.

Market capitalisation finished slightly lower at 3,280.04 billion cedis against the 3,280.44 billion cedis realised on Friday.

Three equities registered price changes - two down and one up. Super Paper Products Company (SPPC) lost 10 cedis to close at 200 cedis while Ghana Commercial Bank ended five cedis poorer at 995 cedis.

Guinness Ghana Limited (GGL) gained five cedis to close at 926 cedis.

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

ABL 600

AGC 18,700

ALW 2,600

BAT 380

CFAO 40

EIC 1,990

FML 1,250

GBL 1,850

GCB 995 -5

GGL 926 +5

HFC 750

MGL 220

MLC 200

MOGL 16,500

PAF 290

PZ 850

SCB 20,000

SPPC 200 -10

SSB 1,981

UNIL 1,780

UTC-E 125

GRi../