USE Mar­ket high­lights

East African Business Week - - MARKETS -

To­tal mar­ket turnover surged to Ugx2.07bn ($577,820) from Ugx135.83mn ($37,857) last week with six lo­cal listed coun­ters reg­is­ter­ing trades. A to­tal of 51.51 mil­lion shares were ex­changed up from 5.33 mil­lion shares the pre­vi­ous week.

Stan­bic Bank Uganda (USE: SBU) had 50.24 mil­lion shares chang­ing hands to record a turnover of Ugx1.26bn. Its share price held steady to close at Ugx25. DFCU (USE: DFCU) share price lost 1.14 per­cent to Ugx780. The counter reg­is­tered Ugx565.94mn in turnover as a re­sult of trad­ing 725,597 shares. UMEME (USE: UMEM), New Vi­sion Lim­ited ( USE: NVL) and Bank of Bar­oda Uganda (USE: BOBU) moved 511,163 shares, 1,100 shares and 3,835 shares to re­al­ize a turnover of Ugx249.95mn, Ugx605,000 and Ugx506,220 each. UMEME share price was down 7.05 per­cent to end the week at Ugx488, NVL was sta­ble at Ugx550 while BOBU shed 1.49 per­cent to Ugx132. Na­tional In­sur­ance Cor­po­ra­tion (USE: NIC) traded 28,400 shares at Ugx12 per share to gen­er­ate a turnover of Ugx340,800. Among the cross list­ings, Kenya Com­mer­cial Bank (USE: KCB) made the big­gest gain of 8.92 per­cent to Ugx1,085 whereas the Uchumi Su­per­mar­kets (USE: UCHM) had the largest dip with its share price los­ing 8.86 per­cent to Ugx109. The USE All Share In­dex gained 1.62 per­cent to 1,615.8 at the close of Fri­day’s trad­ing ses­sion. The USE Lo­cal Share In­dex and C8* were down 1.58 per­cent each to end the week at 376.65 and 118.53 re­spec­tively. The Uganda Shilling fur­ther de­pre­ci­ated against the dol­lar this week as a re­sult of in­creased de­mand for the green­back from the in­ter­bank play­ers and cor­po­rates. It was quoted at 3,588.42 as at mid­day on Fri­day, down from 3,530.29 last week. crest­ed­cap­i­tal

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