(Kampala) – The Uganda Securities Exchange (USE) saw a significant decline in equities turnover this week, with a drop of 67.15% compared to the previous week, reaching UGX 2.93 billion.
The Uganda Securities Exchange (USE) recorded a notable decline in trading activity during the past week, with the equities turnover dropping by 67.15%, falling to UGX 2.93 billion from UGX 8.91 billion in the prior week.
Top traded stocks included Umeme, which dominated the market with UGX 2.82 billion in turnover, making up 96.24% of the weekly total, according to data from Crested Capital. Other notable stocks were MTN, which traded UGX 34.42 million, and dfcu Limited, with UGX 29.8 million. Stanbic Holdings saw a smaller turnover of UGX 13.3 million.
Regarding price movements, Quality Chemical Industries Limited (QCIL) saw a modest gain of +1.82%, closing the week at UGX 56 per share. MTN Uganda (MTNU) also experienced a slight increase of +0.95%, reaching UGX 211.99 per share.
On the downside, Umeme’s stock lost -3.45%, ending the week at UGX 420 per share. Uganda Clays Limited also saw a decline of -0.99%, closing at UGX 9.01 per share.
In terms of cross-listed companies, East African Breweries Limited (EABL) posted a gain of +4.28%, while Equity Group Holdings gained +3.81%, and KCB Group saw a +2.16% increase. On the other hand, Nation Media Group dropped -0.52%, Centum Investments lost -0.59%, and Jubilee Holdings Limited declined by -1.69%.
The USE All Share Index (ALSI) finished the week 1.78% higher at 1,192.74 points. Similarly, the C11 Index, which tracks local companies, saw a slight gain of 0.20%, closing at 105.46 index points.
Table: Key Weekly Market Data
Company Turnover (UGX) Price Movement Top Traded Stocks Umeme 2.82 billion -3.45% MTN 34.42 million +0.95% dfcu Limited 29.8 million Stanbic Holdings 13.3 million Gainers Quality Chemical Industries (QCIL) +1.82% MTN Uganda +0.95% Losers Umeme -3.45% Uganda Clays Limited -0.99% Cross-listed Companies East African Breweries (EABL) +4.28% Equity Group Holdings +3.81% KCB Group +2.16% Nation Media Group -0.52% Centum Investments -0.59% Jubilee Holdings -1.69% Indices USE All Share Index (ALSI) 1,192.74 (+1.78%) C11 Index 105.46 (+0.20%)
