By Our Reporter
The stock market turnover has this week plunged to Ushs 859.57 million from Ushs 7.82 billion registered at the end of last week. UMEME continued to dominate the market to record Ushs 674.5 million from 1.1 million shares changing hands. Its share price however fell by 3.15% to end this week at Ushs 615. This is attributed to weakening of the shilling mid-week due to rising US Dollar demand from manufacturers and commercial banks. It was quoted at Ushs 3,585 as at midday on Friday.
Stanbic Bank Uganda moved 4.63 million shares at a stable price of Ushs 33 per share to generate a turnover of Ushs 152.77 million. SBU published its half year 2015 financials at the end of this week showing a marginal increase in profit after tax.
DFCU had Ushs 17.14 million in turnover as a result of 18,015 shares changing hands. Its price maintained last week’s close at Ushs 951.
New Vision Limited saw its share price decrease by 0.66% to Ushs 600 this week. NVL traded 24,721 shares to realize a turnover of Ushs 14.83 million.
Uganda Turns to Citibank After Years of SGR Delays Over FinancingNational Insurance Corporation had 21,800 shares exchanged on its counter to register Ushs 280,400 in turnover. Its price ended the week at Ushs 13 despite reaching a 12 month low of Ushs 12 in the course of the week.
British American Tobacco Uganda traded an odd lot of 5 shares this week to realize a turnover of Ushs 42,625. BATU share price remained stable at Ushs 8,525.
Among the cross listings, Uchumi Supermarkets made the biggest gain of 6.17% to Ushs 258 while Equity Holdings Group was the biggest loser as its price shed 4.94% to end the week at Ushs 1,386. The USE All Share Index lost 2.14% to 1,906.81 due to a price dip on most of the large cap counters.
The USE Local Share Index and C8* dropped by 0.81% each to 349.49 and 109.97 respectively showing the price reduction on UMEME and NVL.
