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Stanbic shares gain sh15 on Uganda markets
STANBIC BANK share price recovered some of its previous losses, gaining sh15 to close recent trading at sh130 per share.
"The bulk of trade were single big blocks that exchanged hands but we still feel that sh115 to sh120 is where trading should take place for now. It is still a buyer's market," said MBEA Brokerage Services broker, Davis Gathara.
About 5.6 million shares were traded in 15 deals for a sh724.7 million turnover on the Stanbic counter. Trading happened between sh105 and sh145 a share.
On other counters, New Vision shares rose to close at sh435 from the previous close of sh420. There was no trading on other counters but there were outstanding orders for British American Tobacco Uganda, DFCU and Stanbic Bank counters.
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