Weekly Market Wrap: Stocks rebound on Baroda activity

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Trading on the Uganda Securities Exchange (USE) picked up pace in week two of 2026, with turnover rising to sh165m from sh4.2m previously.

According to a market report from Crested Capital, 11.29 million shares changed hands across nine listed counters.

Bank of Baroda led the market, trading sh59.42m worth of shares from 1.26 million units. NIC Holdings followed closely, accounting for sh52.21m from 9.51m shares.

MTN Uganda traded sh25.8m from 81,700 shares, while Stanbic Holdings moved sh22.9m from 378,550 shares.

Quality Chemical Industries Limited (QCIL) recorded sh2.98m in trades from 25,700 shares, Airtel Uganda posted sh1.6m from 18,550 shares, and Uganda Clays, Umeme and New Vision together accounted for just sh113,200.

On price movements, Umeme was the only locally listed stock to post a weekly decline, easing 0.41% to close at sh241. Stanbic led the gainers, rising 2.79% to sh62. Airtel added 1.76% to sh86.50, while MTN edged up 0.26% to sh315.83.

On cross-listed stocks, Equity Group Holdings gained 3.71% to sh1,936.97, and KCB Group rose 1.14% to sh1,846.39. Losses were led by Nation Media Group, which dropped 6.30% to sh330.26.

Kenya Airways fell 4.60% to sh96.99, East African Breweries slipped 0.95% to sh1,936.97, Centum Investment lost 0.38% to sh365.10, and Jubilee Holdings eased 0.77% to sh9,336.45.