This week, the Uganda Stock Exchange (USE) experienced a significant uptick in market activity. The total weekly turnover surged to UGX 4.12 billion, a remarkable increase from UGX 173.77 million recorded the previous week.
According to data from Crested Capital, the volume of shares traded also saw a substantial rise. This week, 68.42 million shares changed hands, compared to just 2.77 million shares the week before.
Stanbic Holdings was the standout performer, with 56.38 million shares traded, amounting to UGX 2.2 billion. The increased trading activity in Stanbic’s stock was largely attributed to interest from international investors.
Following Stanbic, Umeme recorded a turnover of UGX 1.49 billion. dfcu Limited (DFCU) saw a turnover of UGX 239.49 million. Bank of Baroda (BOBU) registered UGX 147.44 million in trades, while MTN achieved a turnover of UGX 33.19 million.
In terms of share price movements, changes were observed in only five counters. Umeme led the gainers with a 3.57% increase, closing the week at UGX 435 per share. Quality Chemicals Limited (QCIL) rose by 1.82% to UGX 56, while MTN saw a marginal gain of 0.15%, closing at UGX 170.26. DFCU inched up by 0.05% to UGX 225. Conversely, Stanbic experienced a decline of 1.20%, ending the week at UGX 37.05.
Among cross-listed companies, Nation Media Group was the sole gainer with a 4.83% increase. In contrast, KCB Group led the decliners with a 5.61% drop. The USE All Share Index (ALSI) closed the week down by 2.10% at 1,021.33, while the C11 – Crested’s local companies’ index saw a slight increase of 0.10%, ending at 93.77 index points.
