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New Vision share price at sh730

By Vision Reporter

Added 29th October 2007 03:00 AM

THE New Vision share price has again hit another record high of sh730 after gaining sh30 on the Uganda Securities Exchange yesterday. This is the second week the counter is registering gains after the company announced results and diversification into electronic media.

By Peter Kaujju

THE New Vision share price has again hit another record high of sh730 after gaining sh30 on the Uganda Securities Exchange yesterday. This is the second week the counter is registering gains after the company announced results and diversification into electronic media.

The shares have gained by over sh300 since the beginning of September.

“The gain is attributed to good performance for the half year. The company’s decision to start radio and television stations has attracted many people, hence the share price hike,” Kenneth Kitariko, an investment analyst at African Alliance, said.

Last week, brokers said The New Vision shares were still under-valued in comparison to other stocks in the region despite the increase in the share price.

A total of 10,508 New Vision shares exchanged hands yesterday. Last week, 107,497 shares were traded.

The dfcu Bank share price was up by sh15 to 445 per share, the highest in five months.

Turnover at the exchange was sh1.2b yesterday.

New Vision share price at sh730

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