(Kampala) – Shares in Umeme Limited drove market activity at the Uganda Securities Exchange (USE) during the trading week, with transactions worth over UGX 2.9 billion accounting for nearly 99% of the market’s total turnover.
Data from Crested Capital indicated that the USE recorded a total turnover of UGX 2.93 billion for the week, a decline from the UGX 5.17 billion registered the previous week. This reduction highlights a shift in market activity, with the bulk of transactions focused on Umeme stock.
Among other actively traded stocks, MTN Uganda recorded a turnover of UGX 8.67 million, Stanbic Holdings moved UGX 4.63 million, Bank of Baroda Uganda (BOBU) traded UGX 4.42 million, and Airtel Uganda saw a turnover of UGX 0.33 million.
In terms of stock price movements, MTN Uganda rose by 0.15%, closing the week at UGX 205.30 per share, while Umeme declined by 2.33%, settling at UGX 420 per share. The prices of Airtel Uganda, BOBU, and Stanbic Holdings remained unchanged, closing at UGX 65, UGX 22.50, and UGX 52, respectively.
| Stock | Turnover (UGX) | Price Change (%) | Closing Price (UGX) |
|---|---|---|---|
| Umeme | 2.9 Billion | -2.33% | 420 |
| MTN Uganda | 8.67 Million | +0.15% | 205.30 |
| Stanbic Holdings | 4.63 Million | 0% | 52 |
| Bank of Baroda | 4.42 Million | 0% | 22.50 |
| Airtel Uganda | 0.33 Million | 0% | 65 |
Across cross-listed stocks, East African Breweries Limited (EABL) saw significant price growth, increasing by 20.56%, while Centum Investments and KCB Group posted gains of 3.89% and 2.87%, respectively. However, some cross-listed stocks declined, with Jubilee Holdings dropping by 4.65%, Equity Group Holdings by 4.36%, and Nation Media Group by 2.56%.
The Crested Capital C11 Index, which tracks the performance of local companies listed on the USE, registered a slight decrease, edging down by 0.08% to close at 105.72.
