By Julius Businge
Umeme’s share price has appreciated from Shs 314 a few weeks ago to Shs 345 today (May 6), according to official trading figures released by the Uganda Securities Exchange (USE) on May 6.
The figures show that the power distributor company that listed on the USE in December last year chalked 3.3million traded shares today at Shs 345 each and recorded Shs 1.3bn in turnover.
Stanbic’s counter continues to record its price at Shs 30 up from Shs 25 a few weeks ago. The counter traded 447, 612 shares on May 6 and recorded Shs 13mn in turnover.
The change in share price is caused by the forces of demand and supply of shares in the market among other factors.
Other counters that traded include NIC, NVL and Uganda Clays.
The market recorded a total of 4.5mn traded shares and over Shs 1.4bn in turnover.
Baroda, DFCU recorded outstanding bids of 97, 249 and 820 shares respectively. NIC, Stanbic, UCL recorded offers to the tune of 980, 000, 4, 792, 309 and 290, 360 respectively.