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DAILY PRICE LIST 24Th June 2015

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DAILY PRICE LIST 24Th June 2015 DAILY PRICE LIST 24th June 2015 COUNTER OPENING CLOSING VOLUME MARKET HIGHLIGHTS PRICE PRICE TRADED UGX UGX Trading volume: 227,897 BATU 8,525 8,525 0 BOBU 130 130 62,767 Turnover (UGX): 14,404,117 CENT 2,219 2,178 0 Crested-8 Index: 102.06 DFCU 902 902 0 EABL 10,590 10,553 0 TRADER’S REPORT EBL 1,538 1,533 0 JHL 18,760 18,794 0 BOBU recorded the highest turnover at KA 222 229 0 UGX 8.16Mn from 62,767 shares traded. SBU was second with turnover of UGX KCB 1,883 1,876 0 5.4Mn realized from 163,489 shares. NIC 17 17 0 UMEME and NVL were the other NMG 6,152 5,963 0 counters that registered activity with NVL 600 600 600 turnovers of UGX 0.49Mn and UGX SBU 33 33 163,489 0.36Mn from trading 1,061 and 600 UCHUM 296 305 0 shares respectively. UCL 18 18 0 STOCK MARKET NEWS FEED. UMEME 470 470 1,041 Optimism high as micro lender launches IPO YETU Microfinance primary share sales to the public is expected to be oversubscribed since the institution operates at the grassroots level, according to an industry analyst. Mr George Fumbuka, the Chief Executive Officer of Core Securities told the „Daily News‟ yesterday that oversubscription of Yetu Microfinance shares was most likely because it is a micro entrepreneurs lenders that has been helping a number of small businesses to grow.“I won‟t be surprised for Yetu (Microfinance) oversubscription,” Mr. Fumbuka said during the official launching of Yetu‟s IPO in Dar es Salaam. Yetu IPO, with green shoe option, started last Thursday in a bid to raise 12.5bn/- for expansion and meeting Bank of Tanzania‟s regulatory requirement for minimum core capital of 5bn/- for microfinance institutions. It is expected to list at Dar es Salaam Stock Exchange alternative market — Enterprise Growth Market (EGM) in August. Core Securities is the sponsoring broker and Consultants for Resources Evaluation Limited is nominated advisory. The chief guest of the occasion, the Executive Chairman of IPP Group of companies, Reginald Mengi, encouraged small scale businesspersons to think big and muster the courage to try. He said with courage, confidence and trust they will eventually become successful. “But don‟t regard yourself as small business persons in business you are businessmen and women that way you will go far,” Mr Mengi said amid cheers from hundreds of members and clients of Yetu Microfinance. The shares offered for sale are 25,193,213 that will be sold at the price of 500/-. [Source: Daily News] DISCLAIMER: The information contained herein is obtained from sources, which to the best of our knowledge are reliable. As such, we are not responsible or liable for any factual errors arising thereof. The opinions expressed herein are ours and are subject to change anytime without notice . Crested Capital, 1st Floor, Impala House Plot 13/15 Kimathi Avenue P.O. Box 31736 Kampala, UgandaTel. +256 312230900 [email protected] ,[email protected] Licensed Investment Advisors and Broker/Dealers by the CMA Members of the Uganda Securities Exchange .
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