USE turnover rebounds in short trading week
Data from Crested Capital shows that the number of shares traded jumped to 18.8 million from just under 5 million.
Umeme dominated trading, accounting for the bulk of the week's activity with sh866.99m ($231,068) from 13.76 million shares.
KAMPALA - The total market turnover reached sh1.22b ($326,240), nearly double last week's sh672.82m ($181,137) at the Uganda Securities Exchange (USE).
Data from Crested Capital shows that the number of shares traded jumped to 18.8 million from just under 5 million. Umeme dominated trading, accounting for the bulk of the week's activity with sh866.99m ($231,068) from 13.76 million shares.
Bank of Baroda followed with sh190.3m ($50,717) from 3.52 million shares, and Stanbic Holdings added sh100.98m ($26,912). Airtel traded a relatively quiet sh3.57m ($952) from 25,920 shares.
On the price front, Airtel Uganda shares climbed 2.21% to sh139. MTN rose 1.20% to close at sh420.04, while NIC Holdings gained 1.63% to sh5. Stanbic was the only local decliner among those that moved, slipping 0.69% to sh76.47.
During the month of April, activity cooled. Total turnover for the month fell to about sh4.22b, less than half the sh9.84b recorded in March. The USE All Share Index edged up 0.28% to close the week at 1,957.88.
The local index, which tracks local companies, performed better with a 0.98% gain to 185.85. Among cross-listed stocks, Kenya Airways stood out with a sharp 17.24% jump to sh1,965.54.
Nation Media Group rose 3.62% to sh420.04, while several others, including Centum Investment, East African Breweries, Equity Group and KCB Group, posted modest losses.