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Umeme stock loses 20% in July
By close of trading on July 29, the share price dipped to close the day at sh190 per share, representing a 20.5% or sh79b loss in share price valuation for investors.
Selestino Babungi (right), the Umeme managing director, speaks during the annual general meeting as Patrick Bitature, the chairperson of Umeme board of directors looks on.
By: NewVision Reporter, Journalists @NewVision
Investors in Umeme booked about sh79b in paper wealth loss at the Uganda Securities Exchange (USE) as its stock price declined in July.
The listed utility firm started off the month