Weekly Market Wrap: Stocks post sharp jump in turnover

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The Uganda Securities Exchange total turnover climbed to sh8.04b, far above the muted sh883.12m recorded a week earlier, according to data from Crested Capital.

Activity stretched across 93.93 million shares on eight counters, a pace the market has not seen in weeks.

Stanbic Holdings exchanged trades worth sh4.29b from 72.02 million shares. Umeme followed with sh1.96b on 13.74 million shares, while dfcu moved sh1.74b from 5.75 million shares.

Quality Chemical pulled in sh17.61m from 152,400 shares. Uganda Clays Limited traded sh12.2m from 2 million shares. Airtel Uganda posted sh10.34m from 120,011 shares. MTN Uganda registered sh9.19m from 29,441 shares, and Bank of Baroda closed the week with sh5.29m from 113,300 shares.

On share price movements, Airtel gained 1.18% to sh86, Umeme rose 0.70% to sh143, MTN climbed 0.64% to sh313, dfcu added 0.33% to sh302, and Stanbic inched up 0.02% to sh60.01.

Uganda Clays fell 7.69% to sh6 and Quality Chemical dropped 3.35% to sh115.01. Bank of Baroda held steady at sh47.

On cross-listed firms, KCB slid 8.43% to sh1,683.08, Jubilee lost 5.13% to sh8,631.92, and EABL dropped 4.36% to sh6,306.33. Kenya Airways slipped 3.96% to sh99.17, Equity Bank was down 2.39% to sh1,752.92, Centum eased 0.23% to sh419.03, and Nation Media Group edged down 0.82% to sh363.16.