Bank of Baroda Leads Surge in Uganda Securities Exchange

Jim Sykes Ocaya

The Uganda Securities Exchange (USE) experienced a remarkable uptick in market turnover in the latest stock market report from Crested Capital on Tuesday, January 9, 2024, , surging by 195.96% to reach sh72.5m, up from sh24.5m in the previous trading session.

Bank of Baroda (BOBU) emerged as the leader in turnover, accounting for sh62.4m at sh15. Meanwhile, MTN, with a traded value of sh5.4m, saw its price rise by 1.18%, concluding the day at sh172.




Other notable market activities included Umeme, which moved sh2.9m at sh400, and Airtel Uganda, exchanging sh1.6m at sh94. dfcu Limited conducted trades worth approximately sh140,000 at sh225. However, New Vision Printing & Publishing Company Limited had a modest performance, moving sh23,256 at sh153.




The USE All Share Index (ALSI) experienced a positive shift, advancing by 0.19% to close at 890.96. Additionally, the C11 – Crested’s local companies’ index added 0.39% to reach 99.28.




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Jim Sykes Ocaya is the Business Editor at The Ankole Times, where he spearheads comprehensive coverage of the business landscape in Uganda. With a keen eye for market trends, financial analyses, and corporate developments, Jim ensures that The Ankole Times delivers top-notch business news to its readers. His insightful reporting provides valuable insights into the economic pulse of the region, making him a trusted source for the business community.
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