USE Market highlights
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