USE Sees Sharp Decline in Weekly Turnover
During the past week, shares worth UGX 543 million were traded at the Uganda Securities Exchange (USE). This figure represents a significant decline of 45.91% in weekly equities turnover compared to the previous week.
The total trading volume fell to 7.26 million shares, a decrease from the 21.45 million shares traded the previous week, according to data from Crested Capital.
Stanbic Bank was the leading mover, contributing UGX 223.62 million to the total turnover. MTN Uganda followed with UGX 165.69 million. Umeme Limited traded UGX 147.91 million, while Airtel Uganda accounted for UGX 4.5 million. Bank of Baroda handled about UGX 800,875, and DFCU along with Quality Chemical Industries Limited (QCIL) recorded a combined turnover of UGX 487,975.
In terms of share price changes, Stanbic Bank saw an increase of 3.05%, reaching UGX 38.13 per share. MTN Uganda’s share price rose by 1.28% to UGX 173. In contrast, Airtel Uganda’s share price fell by 1.43% to UGX 69, marking an all-time low. The share prices of Umeme, Bank of Baroda (BOBU), QCIL, and DFCU remained stable.
Among cross-listed stocks, losses were noted across the board. Nation Media Group’s share price dropped by 6.71%. Centum Investments, Jubilee Holdings Limited, KCB Group, East African Breweries Limited, and Equity Group Holdings saw declines of 1.09%, 3.00%, 3.24%, 4.08%, and 4.90%, respectively.
The USE All Share Index (ALSI) decreased by 1.76% to close at 1,009.05. Conversely, the C11 Index increased by 0.63%, ending the week at 94.44 index points.
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