(Kampala) – The Uganda Securities Exchange (USE) experienced a significant decrease in trading activity over the past week, with turnover falling sharply by 93%, reaching sh202 million compared to sh2.9 billion the previous week.
Telecom giant MTN Uganda emerged as the top player, contributing nearly half of the week’s trading volume. MTN recorded a turnover of sh93.8 million, according to a market report from Crested Capital. Bank of Baroda (BOBU) followed with sh41.1 million, and Stanbic recorded a turnover of sh37.9 million. Other active stocks included Airtel Uganda with sh15.4 million, Umeme at sh15.5 million, and Uganda Clays Limited (UCL), which had a smaller transaction of sh29,120.
In terms of share prices, MTN Uganda was the only stock to post gains, with a slight increase of 0.28% to sh205.88 per share. Conversely, Airtel Uganda, Umeme, and BOBU all saw declines of 3.08%, 2.38%, and 0.28%, respectively.
The regional cross-listed stocks presented a mixed picture as well. Jubilee Holdings, Equity Group Holdings, Centum Investments, and KCB Group recorded gains, while East African Breweries Limited and Nation Media Group saw declines.
The market’s overall performance indicators reflected the subdued trading activity. The USE All Share Index (ALSI) dropped by 1.77% to close at 1157.01 points, while the C11 Index, another key market measure, slipped by 0.74%, ending the week at 104.94 points.
| Stock | Turnover (UGX) | Price Movement |
|---|---|---|
| MTN Uganda | 93.8 million | +0.28% |
| Bank of Baroda | 41.1 million | -0.28% |
| Stanbic | 37.9 million | No Change |
| Airtel Uganda | 15.4 million | -3.08% |
| Umeme | 15.5 million | -2.38% |
| Uganda Clays Limited | 29,120 | No Change |
