Business
Weekly Market Wrap: Turnover declines to sh1.3b
Bank of Baroda (BOBU) exchanged 3.56m shares valued at sh391.75m, while Stanbic Holdings traded 2.09m shares for sh228.12m. Airtel Uganda dealt 511,595 shares worth sh101.96m and Umeme recorded 887,169 shares at sh56.78m.
Uganda Securities Exchange Chief Executive Officer, Paul Bwiso. (File photo)
By: Ali Twaha, Journalist @New Vision
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Trading on the Uganda Securities Exchange slowed this week, with total market turnover dropping to sh1.36b ($322,409) from sh4.74b the previous week.
The volume of shares exchanged also fell to 8.44m from 40.66m, according to market data from Crested Capital. MTN Uganda moved 1.26m shares worth sh573.57m.
Bank of Baroda (BOBU) exchanged 3.56m shares valued at sh391.75m, while Stanbic Holdings traded 2.09m shares for sh228.12m. Airtel Uganda dealt 511,595 shares worth sh101.96m and Umeme recorded 887,169 shares at sh56.78m.
NIC Holdings (NIC) traded 131,250 shares for sh3.15m, Quality Chemical Industries Limited (QCIL) dealt 2,970 shares worth sh490,690, dfcu Limited moved 200 shares for sh67,600, and British American Tobacco (BATU) exchanged just one share valued at sh11,350.
Bank of Baroda (BOBU) exchanged 3.56m shares valued at sh391.75m, while Stanbic Holdings traded 2.09m shares for sh228.12m. Airtel Uganda dealt 511,595 shares worth sh101.96m and Umeme recorded 887,169 shares at sh56.78m.
NIC Holdings (NIC) traded 131,250 shares for sh3.15m, Quality Chemical Industries Limited (QCIL) dealt 2,970 shares worth sh490,690, dfcu Limited moved 200 shares for sh67,600, and British American Tobacco (BATU) exchanged just one share valued at sh11,350.
On prices, QCIL rose 3.16% to close at sh167, NIC gained 3.05% to sh24, and Umeme advanced 1.59% to sh64. BOBU edged up 0.15% to sh110, and Airtel added 0.01% to sh198.02. MTN slipped 0.01% to sh455, while Stanbic declined 6.27% to sh105.05. dfcu and BATU held flat at sh338 and sh11,500, respectively.
Among cross-listed counters, Centum Investments rose 4.56% to sh589.15, Equity Group Holdings gained 5.30% to sh3,270.35, KCB Group advanced 8.55% to sh2,897.06, Jubilee Holdings increased 2.62% to sh12,781.13, and Kenya Airways rose 1.21% to sh188.92. East African Breweries Limited dropped 1.75% to sh8,894.04, and Nation Media Group fell 2.45% to sh467.42.
The USE All Share Index (ALSI) improved 1.57% to 2,607.51, while the Local Companies Index (C11) lost 1.24% to 235.26.
Among cross-listed counters, Centum Investments rose 4.56% to sh589.15, Equity Group Holdings gained 5.30% to sh3,270.35, KCB Group advanced 8.55% to sh2,897.06, Jubilee Holdings increased 2.62% to sh12,781.13, and Kenya Airways rose 1.21% to sh188.92. East African Breweries Limited dropped 1.75% to sh8,894.04, and Nation Media Group fell 2.45% to sh467.42.
The USE All Share Index (ALSI) improved 1.57% to 2,607.51, while the Local Companies Index (C11) lost 1.24% to 235.26.