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USE market index reduces

By Vision Reporter

Added 6th May 2004 03:00 AM

UGANDA Securities Exchange (USE) all share index slipped to 365.84 points in the week to Thursday compared to 383.14 last Thursday

By Peter Kaujju

UGANDA Securities Exchange (USE) all share index slipped to 365.84 points in the week to Thursday compared to 383.14 last Thursday due to fall in share prices of East African Breweries Limited (EABL), an official from USE said yesterday.

The price of EABL’s shares dropped by sh440 to sh11,342 yesterday from sh11,994 last Thursday.
Trading at USE yesterday recorded a turnover of sh1,463.2b after 200 shares from Bank of Baroda were sold at sh795. The market capitalisation was sh1,5 32.4b.
The Tuesday session recorded a stable index with market capitalisation of sh1,511.6b.

British American Tobacco Uganda’s shares were offered at sh1,150, Kenya Airways offered its shares at sh291 while those of Uganda Clays Limited were offered at sh8,000.

USE market index reduces

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