Other Stock Exchange News
Stanbic Bank maintained steady demand for its shares at 35.6 million on Tuesday, a trend started at the beginning of the year. The demand eased up slightly to 35.2 million shares yesterday as 458,192 shares were sold at an average price of sh34 per share from Tuesday’s sh35 per share.
    Bank of Baroda dominated the markets trading shares worth sh167m at sh115 per share. Umeme came close second, selling shares worth sh10.5m at sh365 per share.
      Centum has announced a 73% acquisition of Genesis - a Kenyan investment firm, as it positions itself to boost profits.
        The Umeme Initial Public Offer has been voted the best in Africa in 2012 at the recent Europe, Middle East and Africa (EMEA) Finance awards dinner in London, following the electricity distributor’s largely successful initial public offering last year.
          Stanbic Bank shares are attracting huge demand post dividend announcement, restoring the bank to its status as the most sought after company since listing.
            The share markets are witnessing increased competition for custodial, trustee and fund manager services as savings go up with growth of Uganda’s Gross Domestic Product (GDP) in the last financial year.
              Total equity consisted of sh8.8 trillion, out of the total sh12.3 trillion, while other capital accounted for just sh3.4 trillion, including external long and short-term debts.
                Bank of Baroda completed a second bonus issue recently, pushing its paid up capital to sh25b, from sh10b in line with Central Bank requirements.
                  THE African Development Bank (AfDB) recently listed its second two-year sh12.5b bond to fund strategic projects in Uganda. The bond was oversubscribed by 55%
                    Market analysts have hailed the dfcu deal that saw the bank welcome two new shareholders as a big positive for the market.
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