By Our Reporter
Activity on Uganda’s stock market increased this week as total turnover rose to Ushs 7.83 billion from Ushs 3.94 billion in the previous week. This translates to a 98.7% rise.
Umeme dominated trading with a turnover of Ushs 6.64 billion from 11.98 million shares traded. Its share price grew by 0.91% to end the week at Ushs 555.
Stanbic Bank (SBU) and British American Tobacco Uganda (BATU) had 38.1 million shares and 10,000 shares exchanged to generate turnover of Ushs 910.97 million and Ushs 269.96 million. SBU and BATU share prices gained 9.09% and 5.87% to close at Ushs 24 and Ushs 26,996 respectively.
New Vision Limited (NVL) and DFCU maintained their previous closing levels at Ushs 599 and Ushs 850. The counters moved 6,630 shares and 200 shares to generate a turnover of Ushs 3.95 million and Ushs 170,000 respectively. National Insurance Corporation (NIC) registered the least turnover of Ushs 52,250 as a result of 4,750 shares changing hands. Its share price shed 8.33% to Ushs 11.
Crisis Beneath the Pumps: Kenya’s Unfolding Fuel Scandal and the Fall of Top Energy Chiefs - Why it Matters to UgandaAmong the Cross Listed counters, East African Breweries Limited (EABL) was the biggest gainer with a 1.28% appreciation to Ushs 9,905 while Uchumi Supermarkets was the biggest loser with its price falling by 10.85% to Ushs 115.
The benchmark Uganda Securities Exchange (USE) All Share Index grew by 0.93% to 1,778.16. The USE Local Share Index and C8* were up 4.4% each to close this week at 376.03 and 118.32 respectively reflecting price increments on the SBU, BATU and Umeme counters.
The Uganda Shilling lost ground on the dollar this week as a result of a surge in USD demand from interbank players and companies in the energy and manufacturing sector. It was quoted at 3,370.1 as at midday on Friday down from 3,319.3 previously.
