Stanbic Bank continued its market dominance, with its share price hitting a high of sh175 on Tuesday.
This is one of the highest share prices for Stanbic Bank, only eclipsed by the above sh200 share price it attained in its first few weeks of trading in 2007. Stanbic pushed 246,227 shares worth sh42.5m in turnover.
A market report from African Alliance indicated that trading opened with institutional demand centred at the sh170 level “amidst muted supply, forcing the price to rise to sh175.”
There was no business on Monday due to the Women’s Day public holiday.
The other visible counter that had been somewhat quiet was for The New Vision, which sold 2,000 shares at an average sh465 per share, collecting sh930,000 in turnover. Bank of Baroda moved 1,103 shares, realising sh314,355 in turnover.
Dfcu, one of the banks that released its half-year results recently, sold 1,300 shares at an average of sh655, realising sh851,500 in turnover.
Uganda Clays traded light volumes of 5,000 worth sh275,000 in turnover. There was an outstanding bid of over 1.4m Uganda Clays shares that was not matched by supply.
In all, five counters traded 255,630 shares, realising a total turnover of sh44.8m.
Meanwhile, the capital markets witnessed the allotment of shares for its 12th product, the National Insurance Corporation, which is slated for listing on March 25.
