Cipla Quality Chemical Industries starts trading on domestic bourse
On Monday 17th September, 2018 the shares of Cipla Quality Industries (CQCIL), started trading on the Uganda Stock Exchange (USE). The company, completed its initial public offering (IPO) in the month of August, 2018.
The drug manufacturer traded shares worth Ugx1.60mn as its share price closed trading at Ugx262. This is 2.14% higher than the offer price. Stanbic Bank Uganda and Umeme traded at Ugx33 and Ugx350 as both counters generated a combined Ugx13.85mn in turnover. The entire market turnover closed at Ugx15.48mn ($4,053) relative to Friday’s low of Ugx3.07mn ($810).