Ecobank Ghana (+9.35%) advanced the benchmark index further by 17.25 points (+0.92%) to close at 1,883.31 with a -16.56% year-to-date return while the market capitalization was up 0.34% to settle at GH¢53.77 billion.
The GSE Financial Index gained 31.35 points (+1.87%) to close at 1,709.57 with a year-to-date return of -15.35% on the back of Ecobank Ghana.
The SAS Manufacturing Index remained unchanged at 1,789.37 with a -48.60% year-to-date return for the thirteenth straight session.
Trading activity weakened as 10,155,309 shares valued at GH¢6,301,618 changed hands from 13,208,305 shares valued at GH¢8,188,198 in the previous session. MTN Ghana dominated trades by volume and value, accounting for 99.91% of the total volume traded and 99.83% 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%.