GSE records upsurge in shares traded

Accra (Greater Accra) 9 Nov. '99

The Ghana Stock Exchange (GSE) resumed trading on Monday recording low indicators despite an upsurge in total shares traded.

The All-Share Index declined by 0.18 points or 0.02 per cent to open the week at 759.38 from last Friday's close of 759.56.

It had for the past few weeks experienced low pressures but made some gains for two trading sessions last week.

It declined in the face of a 99-cedi loss by Mobil Ghana Limited (MOGL) to bring the change in the year to a negative 12.55 per cent.

Total offers went down from 1.5 million shares to 1.1 million while demand closed higher at 90,000 shares up from 78,300 shares.

Shares traded fixed at 13,500 shares compared to Friday's 8,900 shares.

Market capitalisation was however, higher from 3,237.78 billion cedis to 3,242.06 billion cedis.

In the broader market, there was a gain and a loss.

MOGL lost 99 cedis to begin the week at 15,700 cedis while CFAO Ghana Limited closed trading richer by two cedis at 40 cedis.

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

ABL 420

AGC 18,700

ALW 2,490

BAT 500

CFAO 40 +2

EIC 1,880

FML 1,000

GBL 1,500

GCB 840

GGL 950

HFC 750

MGL 220

MLC 150

MOGL 15,700 -99

PAF 291

PZ 800

SCB 19,700

SPPC 180

SSB 1,980

UNIL 1,870

UTC-E 125

CMLT 420

GRi../