ad. Buy/Import/Export Premium Grade Uganda Vanilla Beans
On the Equity Market | Uganda Stock Analysis 06-April-2012
Equity turnover this week registered a 46.8% drop to UGX 82m. The SBU counter generated 82% of the total turnover and closed flat at UGX 100 despite the fact that the bank released its FY11 results, registering a 69% growth in PAT and declaring a dividend of UGX 4.9.
Demand on the counter however is on the high end and a price rise is expected in the short term. Top loser was UCL which closed at UGX 35 down 12.5% while activity on the rest of the counters was minimal. The ALSI was up 6bps to 990.73 and the UGX/USD closed at 2,485.
Stanbic Uganda released FY11 results, with a Profit after Tax growth of 69% to 121.7bn. This was mainly due to good growth in interest on loans of 69% to UGX 266.7bn. Loans and advances grew by 26.5% to UGX 1.5trn while deposit growth was 3.4%. T
he directors have resolved to recommend to shareholders at the forth coming Annual General meeting, a final dividend for the FY11 of UGX 4.9 per share.
Click here to post comments
Join in and write your own page! It's easy to do. How? Simply click here to return to On the Equity Market : Africa Uganda Stock Markets 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.