Weekly market wrap: Equities market sees 39% drop in turnover

Sep 27, 2024

During the trading week, MTN led the pack with a turnover of sh26m, closely followed by Umeme with sh25.5m. Stanbic Holdings came in third, dealing sh22.9m.

The USE All Share Index (ALSI) closed the week 2.41% higher at 1,095.61, while the C11 gained 4.43% to 102.16 index points.

Ali Twaha
Journalist @New Vision

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KAMPALA - Weekly turnover dropped nearly 39.1% to sh80.9m from sh133m the previous week at the Uganda Securities Exchange (USE) according to a market report from Crested Capital.

During the trading week, MTN led the pack with a turnover of sh26m, closely followed by Umeme with sh25.5m. Stanbic Holdings came in third, dealing sh22.9m.

Other notable performers in the week included Bank of Baroda (BOBU) with sh3.9m, Quality Chemical Industries Limited (QCIL) with sh1.9m, Uganda Clays Limited (UCL) with sh0.4m, and Airtel Uganda with sh0.1m.

On share price movement, four counters saw price changes from the previous week’s close. MTN led the gainers, surging 8.84% to sh197 per share, while Stanbic rose 6.38% to sh45.

On the losing side, UCL fell 9% to sh9.10, and QCIL lost 1.79% to sh55.

In cross-listings, Jubilee Holdings Limited led the gainers, adding 7.67%, followed by KCB Group with a 5.85% increase. Nation Media Group rose 2.41%, Centum Investments gained 1.63%, and Equity Group Holdings Limited increased 0.53%. East African Breweries Limited slipped 3.89%.

The USE All Share Index (ALSI) closed the week 2.41% higher at 1,095.61, while the C11 gained 4.43% to 102.16 index points.

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