Business
Umeme stock price surges 8.5% on Monday at USE
Market data from Crested Capital shows that the counter traded a volume of 550,000 shares worth sh41.25m. Buyers were lined up aggressively, with bids for 1.65 million shares at sh70 against no offers at the close from shareholders in Umeme.
Umeme stock price closed Monday’s trading session at sh75 per share after opening at sh69.12, an increase of 8.51%
By: Ali Twaha, Journalist @New Vision
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Umeme stock price closed Monday’s trading session at sh75 per share after opening at sh69.12, an increase of 8.51% at the Uganda Securities Exchange (USE).
Umeme’s move extends a recent recovery in the counter, which had been trading near sh64 only days earlier.
Market data from Crested Capital shows that the counter traded a volume of 550,000 shares worth sh41.25m. Buyers were lined up aggressively, with bids for 1.65 million shares at sh70 against no offers at the close from shareholders in Umeme.
Only four other counters recorded deals during the day’s session. MTN Uganda edged up 0.04% to sh455.18 on 25,297 shares valued at sh11.51m.
Market data from Crested Capital shows that the counter traded a volume of 550,000 shares worth sh41.25m. Buyers were lined up aggressively, with bids for 1.65 million shares at sh70 against no offers at the close from shareholders in Umeme.
Only four other counters recorded deals during the day’s session. MTN Uganda edged up 0.04% to sh455.18 on 25,297 shares valued at sh11.51m.
Airtel Uganda held steady at sh193 on 10,775 shares worth sh2.08m. Bank of Baroda Uganda (BOBU) slipped 0.95% to sh104.12 after 44,000 shares changed hands for sh4.58m.
Stanbic Holdings eased 0.31% to sh96.22 with 104,300 shares traded for sh10.04m.
The remaining counters, BATU, DFCU, NIC, New Vision, QCIL and Uganda Clays Limited saw no deals and closed flat at their opening levels of sh11,500, sh338, sh25.25, sh145, sh170 and sh8.40, respectively.
Stanbic Holdings eased 0.31% to sh96.22 with 104,300 shares traded for sh10.04m.
The remaining counters, BATU, DFCU, NIC, New Vision, QCIL and Uganda Clays Limited saw no deals and closed flat at their opening levels of sh11,500, sh338, sh25.25, sh145, sh170 and sh8.40, respectively.