This week, the Uganda Securities Exchange (USE) saw shares worth slightly over 2 billion shillings traded, as reported by Crested Capital. This marks a significant increase compared to the previous week, where the trading value was approximately 96 million shillings.
The total volume of shares traded during this period amounted to 40.5 million, a substantial rise from the 1.5 million shares exchanged in the preceding week.
Stanbic emerged as the leader in turnover, with transactions worth over 1.1 billion shillings, constituting 56.25% of the weekly turnover. Other notable contributors to the trading activity included MTN, Umeme, Bank of Baroda (BOBU), dfcu Limited (DFCU), and Uganda Clays Limited (UCL), among others.
In terms of share price movements, five counters experienced changes compared to the previous week’s closing prices. Stanbic led the gainers, with a 2.19% increase to 35 shillings per share. MTN, DFCU, Umeme, and Quality Chemicals Industries Limited (QCIL) also saw gains in their share prices.
Cross-listed companies witnessed mixed performance, with East African Breweries Limited recording gains while others experienced losses. Notable losers included Jubilee Holdings Limited, Centum Investments, Nation Media Group, Equity Group Holdings, and KCB Group.
The USE All Share Index (ALSI) experienced a decline of 1.26%, settling at 1,040.05 points. Conversely, the C11 – Crested’s local companies’ index rose by 1.12% to 95.62 index points during the same period.
