August 7 – August 14, 2020: Weekly financial markets review and outlook with Stephen Kaboyo

The Uganda shilling remained stable as demand was dented by mid-month tax payments that kept corporates out of the market. Bid and ask held at 3670/80.In the fixed income market, relatively good yields continued to lure both local and foreign investors as seen in the uptake where over 400billion was tendered against an offer of 245 billion. Bidding remained competitive, resulting into the flatness