GCB Bank (+3.63%) emerged as the sole gainer today, advancing the benchmark index by 3.55 points (+0.19%) to close at 1,886.86 with a -16.41% year-to-date return. The market capitalization edged up by 0.07% to close at GH¢53.80 billion.
Accordingly, the GSE Financial Index was up 6.44 points (+0.38%) to close at 1,716.01 with a year-to-date return of -15.03% due to GCB Bank.
The SAS Manufacturing Index remained unchanged at 1,789.37 with a -48.60% year-to-date return for the fourteenth consecutive session.
Trading activity strengthened as 11,426,370 shares valued at GH¢11,886,361 changed hands from 10,155,309 shares valued at GH¢6,301,618 in the previous session. MTN Ghana dominated trades by volume and value, accounting for 87.53% of the total volume traded and 52.17% of the total value traded.
We anticipate activity levels to increase.
Acquisition of Issued Shares
Unilever Ghana PLC (GSE: UNIL)
UNIL has announced that Unilever Overseas Holdings Limited has on the 11th December 2020 acquired 7.94% of the issued shares in the company.
The Free of Payment (FoP) transaction involved the purchase of 4,962,500 ordinary shares.
The shares were previously held by Arisaig Africa Consumer Fund.
This acquisition takes Unilever’s current shareholding in UNIL to 74.50%.