Find visitors' favorite businesstravel Hotels And.... Book your best!

Uganda’s financial market in optimism

Wednesday, 13th April, 2011

HERE is growing optimism in the financial market as institutions approach the end of April deadline for publishing their 2010 year end results.

This week, Baroda is expected to unveil its year end results while Barclays bank published its results over a week ago showing profits for the first time after several years.

Total market traded value and volume, however, dropped to sh57m and 316, 972 respectively from sh150m and 274,118 in the past Tuesday.

DFCU’s sold 2,052 shares from 103,110 collecting sh2m in turnover from a high of sh102.6m.

Stanbic Bank registered improved value from sh46 million from sh29m sold at a weighted average price of sh275 per share.

Again there remained unfulfilled demand for 1.3 million Stanbic shares.

National Insurance Corporation sold shares worth sh7m at an unchanged average price of sh70 after a day of inactivity in the previous comparative session. 100,000 NIC shares were sold although again there was unmet demand for over 1 million NIC shares.

New Vision did not trade on Tuesday. The trading price however rose to an average sh608 per share. The previous session, NVL had picked sh17.4 million in turnover from 29,205 traded shares.

The local share index fell to 362.51 from 363.54 while the all share index also rose to 1.189 from 1,153.

Uganda Clays hovered around the less than sh2 million turnover for a third comparative trading session after the clay maker moved 46,820 shares at an average sh40.

Turnover was sh1.9m.

By DAVID MUGABE: The New Vision Newspaper

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Africa Uganda Business Travel News .

Haven't yet found what you Want...?

If you haven't yet found what you were looking for or you need detailed information about the subject matter on this page


feel free to ask our business travel consultants.

Farmland for Sale
Prime Commercial Property
Entebbe Rd Land 4 Sale
Over 20 Farmland Parcels
Property & Plots of Land

Uganda Online SuperMarket
Online SuperMarket

Uganda Coffee Safari
Book My Coffee Tour

Uganda Honey
Uganda HoneyComb

Subscribe to our Business Travel Newsletter

Enter Your E-mail Address
Enter Your First Name (optional)

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Africa Uganda Business Travel News Digest.

Hotel Booking

Car RentalCar Hire

Africa Uganda Shipping & Handling ServicesShipping & Handling Services

Our Sponsorship Policy

Apple Guavas available
Africa Uganda Plants GuideAfrica Plants Guide

Charity Investment Guide
Changing Lives

Africa Uganda SMS Guide
Africa Bulk SMS

Poultry Investment Guide
Poultry Business Guide

Related Pages

Uganda Hotels Directory

Uganda Hotels Booking Guide

Houses U can buy Uganda Real Estate Guide Industrial/Farmland Deals

Uganda Real Estates Guide

The Mountain Gorilla

Uganda Safari Guide

Uganda Weather Today

Book My Hotel

Please note that all fields followed by an asterisk must be filled in.

Please enter the word that you see below.


Uganda Currency