Accra (Greater Accra) 29 July ’99
The stock market on Wednesday closed mid-week transactions in mixed trading that saw the All-Share Index inching up by 0.16 points on the strength of a 20-cedi gain by Guinness Ghana Limited (GGL).
Despite a huge loss by Mobil Ghana Limited (MOGL), the Index managed the slight gain to close the day at 789.59 points from 789.43 points. The change in the year to date stands at negative 9.07 per cent. The GSE marked time on Monday.
Total shares traded slumped from 72,300 on Monday to 37,700 shares but offers were higher by about a million from 2.7 million shares to 3.6 million shares.
Demand was lower at 101,700 shares from 139,400 shares.
Market capitalisation went up slightly to close at 3,282.44 billion cedis from 3,282.40 billion cedis.
On the broader market, three equities registered price changes - one up and two down.
MOGL lost 500 cedis to close trading at 16,000 cedis while SSB Bank lost a cedi, finishing the day at 1,980 cedis. GGL earned 20 cedis to close at 970 cedis.
Meanwhile, Home Finance Company Limited (HFC) has released its half-year report for 1999 in which it saw a 15 per cent increase in profit after tax of 1.906 billion cedis as against 1.656 billion cedis for the same period last year.
Total income was fixed at 5.589 billion cedis indicating a 3.4 per cent increase from 5.406 billion cedis while total expenses were up from 3.532 billion cedis to 3.373 billion cedis.
The following are the last prices of listed equities in cedis:
ABL 600
AGC 18,700
ALW 2,610
CFAO 45
EIC 1,990
FML 1,250
GBL 1,850
GCB 984
GGL 970 +20
HFC 750
MGL 220
MLC 190
MOGL 16,000 -500
PAF 290
PZ 850
SCB 20,000
SPPC 195
SSB 1,980 -1
UNIL 1,780
UTC-E 125
GRi../