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Mechanical Lloyd Pushes DSI Down
30th October, 2006
Trading on the Ghana Stock Exchange this week ended with six market advancers and a lone laggard. The total volume of shares traded for the week declined by 55 percent from last week's level. The dip in total volume is partly accounted for by the number of trading sessions as there were four trading sessions that took place this week as against five sessions last week.
The weight of the lone market decliner had a greater effect on the Databank Stock Index than that of the seven market gainers. The overall performance of the stock market as measured by the Databank Stock Index therefore went down by 1.11 points to 6,167.64 points, representing a year-to-date return of 3.43 percent.
Ecobank Ghana Limited led the pack of advancers this week, appreciating in its share price by ?12 to ?12,174. Ayrton Drug Manufacturing Company Limited followed closely with a share price gain of ?10 to close the week at ?960. Aluworks also gained ?5 in its share price to close at ?7,020. Standard Chartered's share price was re-rated up by ?3 and was quoted at ?155,005.
Ghana's Ice cream Giant, Fan Milk posted a ?2 gain on its share price to ?16,554. Enterprise Insurance Company also marked a ?1 upward share price revision to ?8,513. Mechanical Lloyd was the only company to register a share price decline this week, loosing ?200 in its share price to ?2,300
This week, aggregate market capitalisation (excluding that of preference shares) declined by ?5.61 billion to ?108.03 trillion. The total value of the market has improved by 17.88 percent thus far this year.
A total volume of 338,161 shares valued at ?2.5 billion (compared to ?4.01 billion last week) was traded during the week. CAL Bank was the most traded equity by volume, accounting for 26 percent of total market volume. SG-SSB, which also had 68,258 shares traded this week, accounted for 20 percent of total market volume.
Release link:
http://www.thestatesmanonline.com/pages/news_detail.php?newsid=1189§ion=2
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