Buy-Import-Export Premium Grade UGANDA VANILLA BEANS                           Buy-Import-Export Un-Refined Raw SHEA BUTTER 

Stanbic Bank leads the Uganda Stock Exchange 2010

Stanbic Bank Uganda

Stanbic Bank Uganda

Wednesday February 2, 2011

THERE was no immediate market reaction to Stanbic’s announcement that the company’s financial results for 2010 are expected to be 20-25% lower than the those of 2009.

The bank dominated trading on Tuesday, selling 200,771 shares and realising sh55.2m in turnover.

Stanbic, the largest and most liquid bank at the Uganda Securities Exchange, traded at a high of sh275 share price.

The financial results warning by Stanbic Bank to its shareholders and customers is a legal requirement by the Uganda Securities Exchange.

It remains to be seen how the bank’s share price will impact its valuation in the run up to the company’s final year end results on or before April 30.

There was, however, unfulfilled bids for 44 million Stanbic shares, showing the strong demand for the most traded stock at the bourse.

Observers believe Stanbic share price could be revised downwards in the days ahead.

Also it remains to be seen how the financial results of the other banks will look like with the sector having had the at the stock exchange.

National Insurance Corporation (NIC) also had unfulfilled demand for two million shares with the counter settling at sh70. It realised sh7.3m in turnover.
New Vision traded at sh525 per share, picking sh4.7m in turnover from 8,897 shares.

Uganda Clays picked sh244,750 in turnover from 4,895 shares traded.
Total turnover and traded shares for the day with sh67.5m and sh319,318 respectively.

By David Mugabe: The New Vision Newspaper

Comments for Stanbic Bank leads the Uganda Stock Exchange 2010

Average Rating starstarstarstarstar

Click here to add your own comments

Aug 23, 2011
Dividends paid out every year and report none of us have recieved any information as share holders .is it because we leave in another continent?
by: georgeAnonymous

Bank statements and Report on our shares, we are also part of the future investors.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Banking Guide Questions and Comments.

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.

Enjoy this page? Please pay it forward. Here's how...

Would you prefer to share this page with others by linking to it?

  1. Click on the HTML link code below.
  2. Copy and paste it, adding a note of your own, into your blog, a Web page, forums, a blog comment, your Facebook account, or anywhere that someone would find this page valuable.