Stanbic Holdings Limited (NSE:CFC, USE:SBU) has suspended the trading of its Shares on the Ugandan Stock Exhange, the USE Chief executive officer has said.

     

    In a notice, Paul Bwiso said that the bank institution is undergoing reorganization through the formation of a holding company adding that the reorganization could have an effect on the price of the company shares.

    “In order to facilitate the conclusion of the transaction without disrupting the price of the company’s shares,Uganda Securities Exchange has today approved an application to voluntary suspend the trading of the company’s shares on the USE with effect  from 1st April 2019 up to and including 9th April 2019,” the statement read in part.

     

    The suspension comes a few days after Stanbic announced a 45.7 per cent profit from KSh6.277 billion recorded for the financial year 2018 compared to the KSh4.309 billion earned in 2017.

     

    MARKET STATUS: CLOSED

    loading...
    East African Breweries6,211.52+8.15%31/07
    Equity Bank1,393.43+0.85%31/07
    KCB Group1,311.63+0.37%31/07
    Uganda Clays6.28-3.38%31/07
    Kenya Airways142.53-1.59%31/07
    Nation Media Group375.74-1.15%31/07
    Centum Investment320.28-0.05%31/07
    Jubilee Holdings6,426.43-0.05%31/07
    Uganda Clays6.281,916,83531/07
    MTN Uganda255.00273,50031/07
    Airtel Uganda80.006,00031/07
    Vision Group152.0010031/07

    🇺🇬 Ugandan Shilling



    african indices

    BRVM-CI310.89-0.12%31/07
    BSE DCI10,498.75-31/07
    DSE ASI2,449.58+0.77%31/07
    EGX 3034,198.00+1.00%31/07
    GSE-CI6,992.29+3.19%31/07
    JSE ASI99,165.06+0.47%29/07
    LuSE ASI21,041.02+0.37%31/07
    MASI19,634.87+0.97%31/07
    MSE ASI386,281.85+0.97%31/07
    NGX ASI139,863.52+0.42%31/07
    NSE ASI160.22-2.11%31/07
    NSX OI1,785.05-0.13%29/07
    RSE ASI150.43+0.03%31/07
    SEM ASI2,163.70+0.27%31/07
    TUNINDEX11,855.80-0.16%28/07
    USE ASI1,357.51+1.42%31/07
    ZSE ASI205.71+1.82%31/07
    loading...