Friday, 20th December, 2013 | Market sentiments improved this past week with 14 out of the 37 listed stocks closed the week with bids, unlike the week before when only 8 closed with bids.
Seventeen stocks ended the week with offers versus 22 the week before. Seven stocks ended with gains for the week and six declined but the number of bids is an indication of weakness in the market with several companies reporting disappointing results coming off a decline in the value of minerals on the world market.
The main market index closed at 2,146.91m up from last week’s 2130.87 for a 78.95 percent gain year to date. The financial index at 1,780.30 is down from 1,780.47 the week before for a 71.21 percent gain for the year to date.
The big price movers came from Tullow Oil Plc that gained GH¢2.98 to close at GH¢34.98 for 9 percent increase for the week; Guinness Ghana Breweries gained GH¢0.30 to end at GH¢6.40 for a 5 percent gain; ALUWORKS gained just GH¢0.01 to close at GH¢0.05 for a 17 percent increase; Ayrton Drugs Manufacturing Company gained 6 percent to close at Gina Harrison¢0.17; Ccocoa Producer regained the GH¢0.01 it lost last week for a 100 percent gained.
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