The Uganda Securities Exchange witnessed a total market turnover of UGX 689 Million, with three million shares changing hands in the inaugural trading week of the year. According to data compiled by Crested Capital, Umeme took the lead in trading activity, accounting for a turnover of sh552m. Following closely, MTN recorded a turnover of sh104m. Other notable players included Stanbic with sh32.3m, Airtel Uganda with sh940,000, and Uganda Clays Limited (UCL) with sh88,400.
Trading Highlights
| Company | Turnover (sh) |
|---|---|
| Umeme | 552m |
| MTN | 104m |
| Stanbic | 32.3m |
| Airtel Uganda | 940,000 |
| Uganda Clays Limited | 88,400 |
As the trading week concluded, only two counters experienced price movements. Airtel Uganda emerged as the top gainer, showing a positive movement of 0.26% and closing at sh94. In contrast, MTN witnessed a decline of 0.32%, closing at sh170.01 from the previous week’s close. The remaining counters—Umeme at sh400, Stanbic at sh32, and UCL at sh13—remained unchanged.
Cross-Listings Performance
In the realm of cross-listings, KCB Group emerged as the top gainer, recording an impressive 5.14% increase. Equity Group Holdings followed closely with a gain of 4.84%, while East African Breweries Limited showed a positive movement of 4.61%. Jubilee Holdings Limited edged up by 1.48%, Nation Media Group closed 1.06% higher, and Centum Investments experienced a slight drop of 1.81%.
Indices Overview
The USE All Share Index (ALSI) concluded the week with a gain of 1.72%, reaching a closing figure of 887.51. However, the C11—Crested’s local companies’ index—experienced a marginal dip of 0.02%, settling at 98.66.
Umeme and MTN dominated the trading landscape during the first week, showcasing robust turnover figures. Airtel Uganda stood out as the top gainer in terms of percentage movement. Cross-listings displayed a mixed performance, with some companies registering notable gains and others facing minor setbacks. The overall market sentiment, as reflected in the indices, remained positive, albeit with slight fluctuations.
