Business
Stanbic jumps 5.3% as Airtel slides on selling pressure
The stock opened at sh184.09 and lost sh3.89 over the session, with 37,300 shares traded. Offers for 227,900 shares at sh180 were still waiting at the close, according to trading data from Crested Capital.
Stanbic jumps 5.3% as Airtel slides on selling pressure
By: Ali Twaha, Journalist @New Vision
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Airtel Uganda shares fell 2.11% to close at sh180.20 on Thursday, as sellers outnumbered buyers on the Uganda Securities Exchange (USE) and the counter ended the day with no bids on the book.
The stock opened at sh184.09 and lost sh3.89 over the session, with 37,300 shares traded. Offers for 227,900 shares at sh180 were still waiting at the close, according to trading data from Crested Capital.
On the other hand, Stanbic Holdings gained 5.34% to sh102.38, and it was also the busiest counter during the session, with 784,700 shares changing hands. Buyers were still active at the close, with bids for 15,700 shares at sh103, while sellers wanted sh104 for 100,000 shares.
Bank of Baroda (BOBU) ended lower at sh101.33, down 1.62%, after 37,500 shares traded. Buyers lined up at sh99 for 60,100 shares, but the larger overhang was on the sell side, with 239,500 shares on offer at sh101.
dfcu slipped 0.29% to sh345 per share, though it saw solid activity with 272,851 shares traded. A bid for 9,400 shares at sh346 per share was left on the book.
NIC Holdings gained 2.88% to close at sh25 per share, but only 2,000 shares traded. There was strong demand underneath, with bids for 245,100 shares at sh24, against offers of 9,900 shares at sh25.
Bank of Baroda (BOBU) ended lower at sh101.33, down 1.62%, after 37,500 shares traded. Buyers lined up at sh99 for 60,100 shares, but the larger overhang was on the sell side, with 239,500 shares on offer at sh101.
dfcu slipped 0.29% to sh345 per share, though it saw solid activity with 272,851 shares traded. A bid for 9,400 shares at sh346 per share was left on the book.
NIC Holdings gained 2.88% to close at sh25 per share, but only 2,000 shares traded. There was strong demand underneath, with bids for 245,100 shares at sh24, against offers of 9,900 shares at sh25.
Quality Chemical Industries (QCIL) added 0.61% to end at sh172, with 62,000 shares traded. Bids of 3,500 shares at sh171 were on the book, with no offers.
MTN Uganda traded flat at sh455 on 22,874 shares traded. Sellers were still waiting at the same price, with 38,400 shares on offer and no bids.
New Vision held at sh145 after a trade of 100 shares, while offers for 17,700 shares at the same price remained unfilled.
British American Tobacco Uganda (BATU), Uganda Clays (UCL) and Umeme recorded no deals. BATU stayed at sh11,500, UCL at sh8.40 and Umeme at sh77.63.
MTN Uganda traded flat at sh455 on 22,874 shares traded. Sellers were still waiting at the same price, with 38,400 shares on offer and no bids.
New Vision held at sh145 after a trade of 100 shares, while offers for 17,700 shares at the same price remained unfilled.
British American Tobacco Uganda (BATU), Uganda Clays (UCL) and Umeme recorded no deals. BATU stayed at sh11,500, UCL at sh8.40 and Umeme at sh77.63.