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CBL RESEARCH DAILY MARKET UPDATE CAL Brokers Ltd 23 Independence Avenue, P. O. Box 14596, Accra, Ghana Tel (233) 21 680051/680061-9. Fax (233) 21 680083 Analyst: Shirley Gyimah - [email protected] MONDAY NOVEMBER 24, 2008 Capital Market Economic Indicators GDP (2007) 6.3% Inflation(October) 17.30% BoG Prime Rate 17.00% CAL SI Opening 159.93 CAL SI Closing 159.93 Change in CAL SI 0.00 GSE All-Share- Index Opening GSE All-Share- Index Closing Change in GSE All-Share-Index 10,563 .54 10,563 .54 0.00 Avg. Market P/E(x) (25 Equities) Recommended Stocks 22.39 Total Volume 10,478 Total Value (GH¢) 48,097.72 Capitalization (GH¢ m) 17,920.97 BOPP THERE WERE NO PRICE CHANGES TODAY. GCB Four Traded Equities UNIL Equity Bids Offers Trade Value (GH¢) EBG 10,000 10,645 10,000 46,200.00 UNIL 350 6,234 350 1,540.00 EIC 111 2,815 111 348.54 SIC 17 253,317 17 9.18 This report is based upon information from various sources that we believe are reliable. However, no representation is made that not is accurate or complete. This report is not an offer to buy or sell, nor a solicitation to buy or sell, nor a solicitation to buy or sell the securities mentioned therein. This report is provided solely for the information of clients of CAL Brokers Limited (CBL) who are expected to make their own investment decisions without sole reliance on this report. CBL accepts no liability for any direct or consequential loss arising from any use of this report or its contents. Investments can fluctuate in price and value and the investor may get back less than was originally invested. Changes in rates of exchange may have an adverse effect on the value of the investment. Past performance is not necessarily a guide to future performance. It may be difficult for the investor to sell or realize the investment or to obtain reliable information about its value or the risk to which it is exposed. CBL, or persons involved in the preparation or issuance of this material, may from time to time, buy or sell the securities of the companies mentioned therein. This information has been issued by CBL, which is licensed by the SEC and the GSE. CBL is a subsidiary of CAL Bank Limited.