Overview:
Stanbic Bank Uganda (SBU) recorded the biggest decline among the listed counters, falling Shs1.04 to close at Shs100, down 1.03 per cent from its opening price of Shs101.04, according to market data released by Crested Capital.
KAMPALA. Shares on the Uganda Securities Exchange (USE) closed mixed on Wednesday, with Stanbic Bank Uganda and Bank of Baroda Uganda recording losses, while Quality Chemical Industries Ltd and Uganda Millennium Services Ltd posted gains.
Stanbic Bank Uganda (SBU) recorded the biggest decline among the listed counters, falling Shs1.04 to close at Shs100, down 1.03 per cent from its opening price of Shs101.04, according to market data released by Crested Capital.
Bank of Baroda Uganda (BOBU) also declined, shedding Shs0.08 to close at Shs109.92 from an opening price of Shs110, representing a 0.07 per cent drop.
On the gaining side, Uganda Millennium Services Ltd (UMEM) rose by Shs1 to close at Shs65, up 1.56 per cent from its opening price of Shs64.
Quality Chemical Industries Ltd (QCIL) also gained Shs1 to close at Shs168, a 0.60 per cent increase from its opening price of Shs167.
The other counters recorded no price changes in the session, including Airtel Uganda, British American Tobacco Uganda (BATU), DFCU Ltd, MTN Uganda, National Insurance Corporation (NIC), New Vision Printing and Publishing Company (NVL) and Uganda Clays Ltd (UCL).
Trading activity was concentrated in Stanbic Bank Uganda, which recorded 211,051 shares traded at an average price of Shs100, while Bank of Baroda Uganda recorded 60,623 shares traded at an average price of Shs109.92.
Airtel Uganda traded 169 shares at Shs196, while MTN Uganda recorded 7,630 shares traded at Shs455. Quality Chemical Industries recorded 1,900 shares traded at Shs168, while Uganda Millennium Services traded 6,000 shares at Shs65.
No deals were recorded in British American Tobacco Uganda, DFCU, National Insurance Corporation, New Vision and Uganda Clays during the session.
The market data showed a mixed picture, with gains in two counters offset by declines in two others, while the remaining listed securities covered in the report maintained their opening prices.
Investors will continue to monitor company performance, dividend prospects, economic conditions and market liquidity as they make decisions on the local equities market.