Stanbic Bank
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Stanbic Bank
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Stanbic Bank

MTN Uganda share price surge again

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As of yesterday November 26, 2024, the MTN Uganda share price has hit the value of Shs215.99 per share on the Uganda Securities Exchange.

 It had climbed from the price of Shs170 a few months ago to Shs215.99.

The biggest beneficiaries are mainly National Social Security Fund (NSSF) and Mr Charles Mbire who are the biggest local shareholders.

This means that the share price has gained Shs45.99 in the last few weeks hence NSSF gaining Shs120, 935,780,000 (One hundred and twenty billion, nine hundred and thirty-five million, six hundred and sixty-seven thousand, seven hundred and eighty or equivalent of $32, 562, 107 million while for Mr Mbire, a gain of Shs41,186,887,641 (forty-one billion, one hundred and eighty-six million, eight hundred and eighty-seven thousand, six hundred and forty-one or equivalent $11,089,630 million.

Patrick Ayota, NSSF Managing Director.

This has shown the new confidence that market has in the company since they published their latest results.

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