Market Summary
The benchmark index stayed at 1,893.10 with a -16.13% year-to-date return while the market capitalization remained at GH¢53.87 billion.
The GSE Financial Index recorded no gains or losses, closing at 1,716.01 with a year-to-date return of -15.03% while the SAS Manufacturing Index remained unchanged at 1,701.33 with a -51.13% year-to-date return.
Trading activity waned as 42,710 shares valued at GH¢98,142 changed hands from 7,326,602 shares valued at GH¢4,618,447 in the previous session. Total Petroleum dominated trades by volume and value, accounting for 70.24% of the total volume traded and 86.51% 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%.