ELEVEN BILLION NEW YEAR GIFT; Welcome back Home NSSF.

Today the 27th December 2010, Uganda Securities Exchange Equity section moved 40,000,000 Stanbic Bank Limited shares at the highest ever price of 275/= each therefore the Stanbic counter recorded record 11 billion Uganda shillings worth transfer of Shares, facilitated by the African Alliance Brokerage house on both the Sale and Buy sides, earning an estimated 300million UgX in such a tough year for the Brokerage houses which saw MBEA the oldest firm holding 50% market share at the time- suspended.

This by far accounts for the highest turnover in a single trading day even dwarfing annual turnover from the early 2000's, the highest turnover earlier was facilitated by MBEA Brokerage house (wonder why they are not yet back) at around 4 billion Uganda shillings.

Star Traders' Take: Temangalo Ghosts finally Rest.
This is certainly out of the ordinary and when Star Traders' thought deeper, it could be that:
The NSSF,the single biggest investor in the market, is back! (What a time to return in between the two biggest calendar holidays) in the Equities market of the Uganda Securities after a very long sabbatical of more than 2 years, yes TWO YEARS.

Why NSSF, well African Alliance in 2010 won the Tender to provide brokerage services to the NSSF , Click.

Non-Uganda Readers:
1$ = 2300 UgX



On Top of this Happy and Prosperous New Year from Star Tradrers' - Think Shares.