Business
NIC slides 3.06% as sellers outnumber buyers
Data from Crested Capital shows that about 75,000 shares changed hands at sh25. By the close, sellers were lining up 24,400 shares at sh25, while buyers were bidding 4,000 shares lower at sh24.25.
Uganda Securities Exchange
By: Ali Twaha, Journalist @New Vision
KAMPALA - NIC Holdings shares dropped 3.06% to sh25 per share after opening at sh25.79 during Tuesday’s trading session at the Uganda Securities Exchange (USE).
Data from Crested Capital shows that about 75,000 shares changed hands at sh25. By the close, sellers were lining up 24,400 shares at sh25, while buyers were bidding 4,000 shares lower at sh24.25.
Bank of Baroda led the gainers, adding 3.03% to close at sh102. It was also the busiest counter by deals, with 90,612 shares traded at sh102. dfcu, rose 1.76% to sh346, though only 100 shares were traded.
Quality Chemical Industries (QCIL) edged up 0.56% to sh170.95 on 10,506 shares. On the other side, Stanbic Holdings lost 1.25% to close at sh97.01. But it still drew the largest volume of the day, with 110,000 shares changing hands at sh97.01.
Quality Chemical Industries (QCIL) edged up 0.56% to sh170.95 on 10,506 shares. On the other side, Stanbic Holdings lost 1.25% to close at sh97.01. But it still drew the largest volume of the day, with 110,000 shares changing hands at sh97.01.
Airtel Uganda eased 0.74% to sh186.88, with 16,270 shares traded. MTN Uganda closed flat at sh455 on 3,554 shares. Buyers wanted 19,500 shares at sh450, while sellers had 93,000 shares on offer at sh455, so supply still outweighs demand at the top of the book.
British American Tobacco Uganda, New Vision (NVL), Uganda Clays (UCL) and Umeme recorded no deals. BATU closed at sh11,500, with 1,700 shares offered at sh11,350 and no buyers.
NVL stayed at sh145, with 17,800 shares offered at that price and no bids. UCL ended at sh8.40, with buyers bidding for 20,000 shares at sh9.20 and no sellers.
Umeme closed at sh77.63, with 120,800 shares sought at sh81 and nobody selling.
British American Tobacco Uganda, New Vision (NVL), Uganda Clays (UCL) and Umeme recorded no deals. BATU closed at sh11,500, with 1,700 shares offered at sh11,350 and no buyers.
NVL stayed at sh145, with 17,800 shares offered at that price and no bids. UCL ended at sh8.40, with buyers bidding for 20,000 shares at sh9.20 and no sellers.
Umeme closed at sh77.63, with 120,800 shares sought at sh81 and nobody selling.