Stock Market closes week with Ushs 3.4 billion in turnover

By Our Reporter

There was more activity on the Ugandan bourse this week with total market turnover advancing to Ushs 3.4 billion from Ushs 485.52 million last week. UMEME continued to dominate trading with Ushs 2.6 billion (representing 76.47% of the week’s total turnover) from 4.33 million shares traded. Its share price held steady at Ushs 600.

Stanbic Bank Uganda (SBU) and DFCU had 22.32 million shares and 83,619 shares changing hands to generate a turnover of Ushs 714.27 million and Ushs 79.44 million each. SBU and DFCU shares were stable at Ushs 32 and Ushs 950 respectively.

British American Tobacco Uganda (BATU), Uganda Clays Limited (UCL) and National Insurance Corporation (NIC) moved 100, 108,304 and 123,700 shares to register a turnover of Ushs 2.55 million, Ushs 1.62 million and Ushs 1.36 million respectively. BATU share price was down 5.54% to USHS 25,500, UCL share price was stable at Ushs 15 while NIC shed 8.33% to Ushs 11.
Bank of Baroda Uganda (BOBU) had a turnover of Ushs 186,000 as a result of trading 1,200 shares at Ushs 155 each.

Among the cross listings, East Africa Breweries Limited (EABL) made the biggest gain of 3.46% to Ushs 9,325 whereas Kenya Airways had the largest dip with its share price losing 8.59% to Ushs 149.

The Uganda Securities Exchange (USE) All Share Index ended Friday’s trading session at 1,785.59, representing a 1.48% gain from the past week.

On the other hand, the USE Local Share Index and C8* shrank by 1.52% and 1.54% to end the week at 417.29 and 131.30 respectively.