Weekly market wrap: MTN shares rebound to IPO price

Umeme dominated the market, accounting for 86.55% of the weekly turnover with sh4.45b. Stanbic Holdings followed with sh624.2m, while MTN Uganda traded sh54.6m.

MTN Uganda's stock rebounded to its initial public offering (IPO) price of sh200 per share at the Uganda Securities Exchange (USE) after gaining 1.52% this week.