Business
MTN stock climbs to sh435 ahead of Q2 results
The rest of the counters on the local bourse held steady, with no price movement recorded. Airtel Uganda closed flat at sh171 after a modest 50 shares traded, while Bank of Baroda also remained unchanged at sh60 despite turnover of 80,000 shares.
MTN stock climbs to sh435 ahead of Q2 results
By: Ali Twaha, Journalist @New Vision
______________
MTN Uganda dominated trading at the Uganda Securities Exchange (USE) on Thursday, with the telecom giant’s counter climbing to sh435 from an opening price of sh429.99 ahead of its quarter two financial results.
The counter recorded the busiest session on the bourse, with over 10 million shares changing hands at sh435 each.
Quality Chemicals Industries Limited (QCIL) also posted gains, adding sh0.95 to close at sh160.95, a 0.59% rise, on volume of 6,300 shares according to market data from Crested Capital.
Quality Chemicals Industries Limited (QCIL) also posted gains, adding sh0.95 to close at sh160.95, a 0.59% rise, on volume of 6,300 shares according to market data from Crested Capital.
The rest of the counters on the local bourse held steady, with no price movement recorded. Airtel Uganda closed flat at sh171 after a modest 50 shares traded, while Bank of Baroda also remained unchanged at sh60 despite turnover of 80,000 shares.
Dfcu, National Insurance Corporation (NIC), New Vision Printing and Publishing Company (NVL) and Uganda Clays Limited (UCL) all recorded no deals during the session, though bid activity showed continued investor interest across the board.
Stanbic Holdings closed at sh82 on turnover of 27,500 shares, while Umeme closed at sh63 with 1,300 shares traded.
Dfcu, National Insurance Corporation (NIC), New Vision Printing and Publishing Company (NVL) and Uganda Clays Limited (UCL) all recorded no deals during the session, though bid activity showed continued investor interest across the board.
Stanbic Holdings closed at sh82 on turnover of 27,500 shares, while Umeme closed at sh63 with 1,300 shares traded.