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NIC shares up 5.5% to lead Wednesday gains at USE

National Insurance Corporation (NIC) shares gained 5.54% to close at sh26.65 on the Uganda Securities Exchange, emerging as the session’s top gainer in Wednesday’s trading.

NIC shares up 5.5% to lead Wednesday gains at USE
By: Ali Twaha, Journalist @New Vision

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National Insurance Corporation (NIC) shares rose 5.54% to close at sh26.65 from an opening price of sh25.25 at the Uganda Securities Exchange (USE) in Wednesday’s trading session.

According to Crested Capital data, the counter traded 653,230 shares worth about sh17.4m at the closing price.

Stanbic Holdings recorded the highest volume, with 1,215,300 shares changing hands at sh95.03 to close 0.85% higher from an opening of sh94.23, generating turnover of about sh115.5m.

MTN Uganda followed with 906,825 shares traded at sh455.99, edging up 0.03% from sh455.84 for a value of about sh413.5m.

Bank of Baroda slipped 0.97% to close at sh102 from an opening of sh103, on volume of 77,396 shares worth about sh7.9m.

Airtel Uganda shed 1.41% to close at sh190.14 from sh192.85, with 40,488 shares traded for about sh7.7m.

British American Tobacco (BATU), dfcu, New Vision (NVL), Quality Chemical Industries (QCIL), Uganda Clays (UCL) and Umeme recorded no deals.

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