(Kampala) – The Uganda Securities Exchange (USE) experienced a substantial increase in trading volume during the week, with shares worth UGX 8.9 billion changing hands, up from just UGX 202 million the previous week. The total number of shares traded reached 42.98 million, a marked jump from the 3.30 million shares exchanged in the prior week, according to data provided by Crested Capital.
MTN Uganda dominated the market, accounting for UGX 8.2 billion of the total turnover, followed by Umeme, which recorded UGX 557 million in trades. Airtel Uganda also contributed to the activity with UGX 31.7 million in traded shares. Other notable trades included Stanbic, with UGX 22.6 million, Bank of Baroda (BOBU) with UGX 16.2 million, and NIC Holdings (NIC) with UGX 850,000. Uganda Clays Limited (UCL) and Dfcu Limited (DFCU) saw relatively smaller trades, moving UGX 160,000 and UGX 45,000 respectively.
In terms of price movements, several local companies saw an increase in share prices. Umeme’s share price rose by 6.10%, closing at UGX 435 per share, while MTN’s price gained 2%, reaching UGX 210 per share. Bank of Baroda also saw an increase of 1.67%, closing at UGX 22.5 per share. However, NIC Holdings recorded a significant decline, dropping by 9.09% to UGX 5 per share, and Stanbic experienced a 3.85% decrease, closing at UGX 50 per share.
The USE All Share Index (ALSI) rose by 1.28%, reaching 1171.83 points, and Crested Capital’s local companies’ index, the C11, increased by 0.30% to 105.25 points.
