Market Wrap: USE weekly turnover drops 62%
Eight counters traded during the week, with Stanbic Holdings leading in both volume and value. Stanbic moved shares worth sh107.49m.
Among locally listed firms, BOBU gained 4.19% to close at sh45, while MTN Uganda rose 1.08% to sh300. (File photo)
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Trading activity at the Uganda Securities Exchange (USE) fell sharply in the week ending October 10, with total turnover dropping 62.45% to sh233.01m from sh620.45m recorded the previous week.
Eight counters traded during the week, with Stanbic Holdings leading in both volume and value. Stanbic moved shares worth sh107.49m. Bank of Baroda (BOBU) followed with sh60.71m. MTN Uganda came third, trading shares worth sh56.61m.
Quality Chemical Industries (QCIL) recorded sh5.82m in trades, Airtel Uganda traded sh1.61m, Uganda Clays (UCL) moved sh761,150, while NIC Holdings (NIC) and Umeme traded sh5,000 and sh800 respectively.
Share price movements
Among locally listed firms, BOBU gained 4.19% to close at sh45, while MTN Uganda rose 1.08% to sh300. Airtel Uganda inched up 0.37% to sh80.30. Stanbic was the only major decliner, falling 1.58% to close at sh61.02.
NIC remained at sh5.0, BAT Uganda (BATU) at sh15,000, UCL at sh6.5, QCIL at sh118, Umeme at sh405 and New Vision (NVL) at sh151.
Among the cross-listed companies, KCB fell 1.58% to sh1,501.21, while Centum Investments dipped 0.39% to sh413.16. Jubilee Holdings declined 1.41% to sh8,442.62, and Kenya Airways slid 2.72% to sh102.56.
On the upside, East African Breweries rose 1.04% to sh5,759.05, Equity Bank gained 0.57% to sh1,560.99, and Nation Media Group added 1.91% to close at sh361.35.