A late rally by the Ghana Stock Exchange (GSE) spearheaded by Unilever Ghana left the benchmark composite index with moderate gains to close the day.
In the aggregate, 15 GSE listed equities participated in mid-week’s trading session, ending with only one gainer, namely Unilever Ghana, with 10 percent share price appreciation. There was no loser while the rest traded flat.
Unilever Ghana Limited (UNIL), the largest producer and retailer of consumer goods in Ghana closed its trading day (Wednesday, April 26, 2023) at GHS4.40 per share on the Ghana Stock Exchange, recording a GHS0.40 gain over its previous closing price of GHS4.00.
Unilever began the year with a share price of GHS3.88 and has since gained 13.4 percent on that price valuation, ranking it fourth on the GSE in terms of year-to-date performance. Shareholders can be optimistic about UNIL knowing the stock has accrued 22 percent over the past four-week period alone—second best on GSE.
Unilever Ghana is the eighth most traded stock on the Ghana Stock Exchange over the past three months (Jan 24 – Apr 26, 2023). UNIL has traded a total volume of 221,326 shares valued at GHS 584,114 over the period, with an average of 3,513 traded shares per session. A volume high of 68,086 was achieved on February 6, 2023 for the same period.
At the end of Wednesday’s trading session on the Ghana Stock Exchange (GSE), a total of 32,308 shares, corresponding to a market value of GHS 28,605.02, were traded.
Ecobank Transnational recorded the highest volume of 14,431 traded shares, followed by Ghana Oil Company (7,634), MTN Ghana (3,979) and SIC Insurance Company (2,900).
Unilever Spurs Index Performance
The performance of Unilever Ghana has caused the composite index to move into the green territory.
The benchmark GSE Composite Index (GSE-CI) inched up 2.39 (0.09%) points to close at 2,737.79 points, representing a 1-week gain of 2.75 percent, a 4-week loss of 2.33 percent, but an overall year-to-date gain of 12.02 percent .
However, the GSE Financial Stocks Index (GSE-FSI) maintained its value at 1,755.98 points, making it a 1-week loss of 0.06 percent, a 4-week loss of 3.03 percent, and a year-to-date loss of 14.45 percent.
The current market capitalization of the Ghana Stock Exchange stands at GHS 67.7 billion.
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