By Our Reporter
The securities exchange market this week registered less activity as turnover reduced to Ushs 4.01 billion from Ushs 8.97 billion previously.
Utility company Umeme took up 78.14% of the week’s total turnover with Ushs 3.13 billion as a result of trading 5.69 million shares at Ushs 550 each. The other top mover; Stanbic Bank Uganda had 29.76 million shares exchanged at Ushs 29 per share to record a turnover of Ushs 863.13 million.
National Insurance Corporation (NIC), DFCU and Uganda Clays Limited traded 1.01 million shares, 300 shares and 1,604 shares to generate a turnover of Ushs 12.05 million, Ushs 276,000 and Ushs 24,060 respectively. NIC share price was up 9.09% to end the week at Ushs 12, DFCU shed 1.08% to close at Ushs 920 while UCL held steady at Ushs 15.
Paul Mwesigwa’s First Year: UEDCL Hits UGX 1.71 Trillion in Revenue, Rolls Out $994m Grid Recovery Plan After Umeme’s ExitAmong the cross listings, East African Breweries Limited (EABL) made the biggest gain of 2.06% to Ushs 9,615 while Uchumi Supermarkets had the biggest dip this week as its price shed 3.41% to end the week at Ushs 170.
The Uganda Securities Exchange (USE) All Share Index ended Friday’s trading session at 1,812.05 representative of a 0.24% drop from last week’s 1,807.77. The USE Local Share Index and C8* lost 0.07% and 0.08% to end the week at to 414.43 and 130.4 respectively.
The Uganda Shilling was stable this week due to muted demand for the greenback among corporates and importers. It was quoted at 3,368 at midday on Friday, a marginal appreciation from 3,371.7 at the end of last week.
