UMEME SHARE PRICE: Investors maintain appetite
Utility firm Umeme’s sustained positive performance according to financial markets experts is now seen to be helping the company to make gains at the stock exchange, with its share price recently rising by 100 shillings in the last three months and billions in value of shares traded. This is despite an announcement that its concession will not be renewed. Meanwhile, recent numbers on the performance of the Uganda securities exchange indicate that the UMEME counter dominated activity in the Month of Nov 2022 accounted for 75.78% of the total turnover followed by MTN Uganda Limited with 17.54%. The company also registered the highest volume of shares with 53.14%, followed by MTN Uganda Limited with 14.29%.
