Equities market activity slows down this week

By Our Reporter

Uganda’s stock market activity decelerated this week with 3.2 million shares changing hands to generate a turnover of Ushs 745.85 million compared to the past week where 6.3 million shares were traded worth Ushs 1.36 billion in turnover.

UMEME share price shed 1.26% to Ushs 50 with 1.29 million shares exchanged to generate a turnover of Ushs 708.55 million. Uganda Clays moved 1.29 million shares to register a turnover of Ushs 19.42 million. Its share price grew by 7.14% to Ushs 15. Stanbic Bank, National Insurance Corporation (NIC) and DFCU had turnovers of Ushs 12.2 million, Ushs 2.33 million and Ushs 2.06 million from 401,076 shares, 211,600 shares and 2,200 shares traded respectively. Stanbic’s share price shed 3.23% to a new 12-month low of Ushs 30 while NIC and DFCU share prices were down 8.33% and 0.43% to close at Ushs 11 and Ushs 935.

Bank of Baroda recorded the least turnover of Ushs 994,500 as a result of trading 6,500 shares. Its share price lost 1.29% to end the week at Ushs 153.

From the cross listed counters Centum Investments had 200 shares changing hands to realize a turnover of Ushs 294,000. Its share price was up 4.12% to close at Ushs 1,488.

Uchumi Supermarkets was the biggest gainer as its price grew by 6.4% to end the week at Ushs 183 while Kenya Airways share price shed 6.9% to Ushs 135.

The USE All Share Index advanced by 0.16% to 1,810.81 reflecting the price gain on half of the eight cross listings. The USE Local Share Index and C8* lost 1.41% and 0.89% to close at 417.18 and 131.97 respectively.

The Uganda Shilling was stable at the beginning of the week owing to improved inflows from investors looking to participate in Wednesday’s Treasury bill auction. However, it shed some of its gains by the end of the week and was quoted at 3,369.6 as at Friday on midday compared to 3,349.6 last week.