Stanbic Closes At Shs 205

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The shares of Stanbic Bank Uganda begun trading on the Uganda Securities Exchange today, 25/1/2007. From the IPO price of Shs 70 per share, the highest price on the market was Shs 205, which just fell shy of 3 times the issue price.

The challenge many brokers had was the wide spread between buying and selling prices. Most buyers wanted the stock at about Shs 150 while sellers wanted Shs 250.

If the price of Shs 205 is maintained then more deals are likely to follow next week when the exchange reopens for trading.

Comments

  1. odegle8:56 PM

    does it mean that the USE is not open on fridays? does it only trade from monday to thursday?

    ReplyDelete
  2. Anonymous4:16 PM

    hey james nice blog have one question what advice would you give to an 18 year old who seeks to work hard and retire at the age of 40 am an avid follower of world wide stock exchanges NYSE JSE LSE read books on various people from Donald Trump to Richard Branson Mr Kiyosaki is it advisable to invest in a mutual fund like at African Alliance Rennaissance
    Capital Investments and what is the impact of Chinese Invasion as you can see if you go to kikubo Arua park tyhey have already come planning on learning Chinese thank u
    Imana Future rich man

    ReplyDelete
  3. odegle2:21 PM

    James, i have just read your article in the business week . very good article. however your articles are too few for comfort. i keep on glancing back to this blog and finding no updates at all. whats happening?

    ReplyDelete

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