Business

Umeme gains 6.34% at USE on strong volume

Data from Crested Capital shows that the counter traded 2.15 million shares worth sh148.61m, with buyers lining up for more than 1.2 million shares at sh70.

Umeme gains 6.34% at USE on strong volume
By: Ali Twaha, Journalist @New Vision

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The Umeme counter gained 6.34% on its stock price to close Thursday’s trading session at sh69.12 per share after opening at 65 per share at the Uganda Securities Exchange (USE).

Data from Crested Capital shows that the counter traded 2.15 million shares worth sh148.61m, with buyers lining up for more than 1.2 million shares at sh70.

Airtel Uganda fell 0.86% to sh194.31 on 58,223 shares worth sh11.31m. Bank of Baroda Uganda (BOBU) dropped 1.52% to sh108.25 after 11,000 shares changed hands for sh1.19m.

Stanbic Holdings eased 1.14% to sh98.86 on 80,000 shares valued at sh7.91m.NIC rose 2.81% to sh25.25, with 250,000 shares traded for sh6.31m. MTN Uganda held steady at sh455 on a modest 3,422 shares worth sh1.56m.

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Uganda Securities Exchange
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