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Stanbic takes charge
Wednesday, 8th September, 2010
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By Sylvia Juuko

STANBIC Bank’s counter dominated trading in Tuesday’s session at the Uganda Securities Exchange (USE).

The bank earned sh61.5m turnover, an improvement from last week’s sh33.2m.

The bank’s share price closed at sh240, slightly higher than the previous Tuesday’s sh235.

Low liquidity continues to dog the USE, with total turnover of sh83m registered, which is a drop from sh100m last week. Over 507,600 shares changed hands, a drop from 722,636 a week ago.

The All Share Index was at 1055.6.
There was a decline in Uganda Clays’ share price to sh56, from sh60. Its turnover was at sh13.4m compared to sh20.6m the previous week. Shares traded were 241,000, from 344,491.

National Insurance Corporation’s counter was inactive. Its share price dropped to sh70, from sh75 recorded a week ago.

There was a slump in trading at the New Vision counter, with sh1.3m turnover compared to sh13m last week. Shares traded declined to 1,700 at sh814, from 16,118 at sh810.

At the dfcu Bank counter, turnover was sh6.7m with 8,400 shares traded, while the share price stabilised at sh805.

This was slightly changed from last week’s turnover of sh6.6m and volume of 8,232 shares.

Several Plots out our Estates
National Housing and Construction Company
Uganda Canvas
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