Mobile giant MTN has registered an increment in the value of their shares on the stock market.
The current share price of MTN Uganda is Shs177.99.
MTN Uganda closed its last trading day on Thursday August 22, 2024 at Shs177.99 per share on Uganda securities Exchange (USE) recording a 1.1% gain over its previous closing price of Shs176.00.
The price per share of MTN was at Shs170 eight weeks ago while as per yesterday, the share was at Shs176.99 while as per this morning, the price per share had increased to Shs177 meaning there has been an increment by Shs1 from yesterday’s Shs176.99. it has gone up by Shs
Top shareholders are MTN Group Limited which has 83.1% holding 18,593,811,989 shares. National Social Security Fund (NSSF) 9.53% holding 2,132,631,877 shares. Charles Mbire 4% holding 895,561,877 shares while minimal other shares are held by Bank of Uganda retirement scheme.
Based on the above, the price of NSSF earned worth Shs16,338,061,855 billion ($4. 416,677 million) from MTN share price increment as Mbire who doubles as chairmen of MTN whose value of his shares went up by Shs7,155,538,862 billion ($1,931,995 million) in eight weeks.
In conclusion, NSSF value of MTN shares has gone up by $4.4166 million and Mbire has also gone up by $1,931, 995 million in eight weeks of trading.
