By Our Reporter
Market value traded at the Uganda Securities Exchange (USE) decelerated further this week to Ushs 203.99 million from Ushs 268.71 million the previous week. Stanbic Bank Uganda dominated trading with Ushs 124.14 million in turnover from 4.6 million shares exchanged at Ushs 26 each. Umeme share price shed 4.57% to end the week at Ushs 501. The counter had 120,718 shares changing hands to generate at turnover of Ushs 63.04 million.
Uganda Clays Limited (UCL), National Insurance Corporation (NIC) and Bank of Baroda Uganda (BOBU) traded 561,500 shares, 642,800 shares and 3,000 shares to register turnover of Ushs 8.42 million, Ushs 7.68 million and Ushs 426,000 each. UCL share price was stable at Ushs 15, NIC grew by 9.09% to Ushs 12 while BOBU held steady at Ushs 142. New Vision Limited (NVL) share price lost 0.89% to Ushs 555. The counter moved 500 shares to record a turnover of Ushs 277,500.
DFCU bank recorded the least turnover of Ushs 9,350 as a result of trading 11 shares. Its share price was stable at Ushs 850.
Crisis Beneath the Pumps: Kenya’s Unfolding Fuel Scandal and the Fall of Top Energy Chiefs - Why it Matters to UgandaAmong the cross listings, Uchumi Supermarkets share price fell by 6.86% to Ushs 95 while Kenya Airways (KA) was the only gainer as its price was up 2.33% to end the week at Ushs 132.
The USE All Share Index ended Friday’s trading session at 1,730.85 representative of a 1.1% drop from last week. The USE Local Share Index and C8* were also down 0.27% and 0.84% to close at 388.43 and 122.22 respectively.
The Uganda Shilling shed most of its gains as the week drew to a close owing to global fears over the economic ramifications of Britain’s vote to leave the European Union triggered a scramble among commercial banks to beef up their dollar positions. It was quoted at 3,374.9 down from 3,348.8 last Friday.
