Stock market trades sh1.1b in turnover on Monday

Sep 25, 2023

Umeme emerged as the frontrunner of the trading session, accounting for the highest value turnover of sh1.12b. MTN exchanged slightly over sh1m during the day’s session.

Stock market trades sh1.1b in turnover on Monday

Ali Twaha
Journalist @New Vision

The Uganda Securities Exchange (USE) saw a day of active trading with a total turnover of sh1.12b exchanged across three counters.

Umeme emerged as the frontrunner of the trading session, accounting for the highest value turnover of sh1.12b. MTN exchanged slightly over sh1m during the day’s session.

CiplaQCIL, although trading a smaller volume, remained an active participant, with a turnover of sh520,000.

On share price movements, the share price of Umeme saw a notable appreciation of 1.32%, closing at sh414.88. This upward movement reflected positive sentiment among investors.

MTN maintained its stability, with its shares trading at sh170.00. CiplaQCIL shares were traded at sh65.00.

The USE All Share Index (ALSI) exhibited a modest increase of 0.10%, closing at 948.20 points. The C10, representing Crested's local companies' index, demonstrated a 0.12% rise, closing at 100.89 points.

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