The benchmark index closed the session 6.24 points (+0.33%) higher at 1,893.10 with a -16.13% year-to-date return as a result of an upward price movement in MTN Ghana (+1.61%) while the market capitalization increased by 0.12% to close at GH¢53.87 billion.
The GSE Financial Index recorded no gains or losses, closing at yesterday’s level of 1,716.01 with a year-to-date return of -15.03%.
Unilever Ghana (-9.99%) dragged the SAS Manufacturing Index downward by 88.04 points (-4.92%) to close at 1,701.33 with a -51.13% year-to-date return.
Trading activity weakened as 8,258,109 shares valued at GH¢5,339,737 changed hands from 11,426,370 shares valued at GH¢11,886,361 in the previous session. MTN Ghana dominated trades by volume and value, accounting for 93.36% of the total volume traded and 90.58% 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%.