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Umeme dominates proceedings on the share market

By Vision Reporter

Added 6th June 2013 09:59 AM

Umeme dominated proceedings on the share market at the close of business on Tuesday, with a turnover of sh122m from the sale of 355,106 shares at sh345 per share. Umeme’s share price has declined from sh370 in recent weeks.

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Umeme dominated proceedings on the share market at the close of business on Tuesday, with a turnover of sh122m from the sale of 355,106 shares at sh345 per share. Umeme’s share price has declined from sh370 in recent weeks.

By Vision Reporter

Umeme dominated proceedings on the share market at the close of business on Tuesday, with a turnover of sh122m from the sale of 355,106 shares at sh345 per share. Umeme’s share price has declined from sh370 in recent weeks.

The dfcu counter recorded zero trades on the day despite posting outstanding bids for 20,000 shares at sh1,030 per share. The merger with Dutch bank Rabo has increased demand, with supply remaining modest.

Bank of Baroda raked in sh65m from the sale of 500,000 shares at sh130 per share. Some 57,295 shares were still available for the taking.

Stanbic Bank (SBU) had the third highest turnover at 9.3m from the sale of 367,780 shares. Its share price briefly declined from its trading highs of sh30 going back to sh25.

There were outstanding bids for 21.5 million shares against 9.8 million shares in the outstanding offers compartment as supply struggles to keep up with demand.

Uganda’s leading daily, the New Vision raked in sh2.6m from the sale of 4,378 shares at sh600 per share, while National Insurance Corporation sold a modest 4,197 shares for sh146,895 turnover.

Total turnover was sh199.4b with the All-share index marginally falling to sh1,671.29, from sh1,676.44 mainly on account of cross listed companies.

On the other hand, the Local Share Index went up to sh228, from sh251.

 

Umeme dominates proceedings on the share market

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