Shareholders capital grows to sh4,254.5b
Jan 07, 2007
Shareholders’ wealth at the Uganda Securities Exchange has grown to sh4,254.5b from sh3,440.7b at the beginning of last year.
By Peter Kaujju
Shareholders’ wealth at the Uganda Securities Exchange has grown to sh4,254.5b from sh3,440.7b at the beginning of last year.
Shareholders’ capital also known as market capitalisation gained by sh813.8b on the first trading day of 2007 due to improved share prices across equities.
Simon Rutega, the chief executive officer of the exchange, explained: “The increase in market capitalisation was due to an upward movement of some stocks.
It is also a reflection of good performance of the companies and economy.â€
Variations in market capitalisation are caused by share price changes and new listings.
On the first trading day this year, East African Breweries, the parent company of Uganda Breweries, had the biggest market capitalisation at sh2,347b, Jubilee Holdings sh297.9b and Kenya Airways sh1,407b.
British American Tobacco had sh23.1b, Bank of Baroda sh40b, New Vision sh23.5b and Uganda Clays sh11.5b.
The all share index, which is the performance indicator of the exchange, opened 2007 at 849.75 points from 706.68 in January 2006.
Rutega predicted that market capitalisation would increase when Stanbic Bank lists on January 25.
Shareholders’ wealth at the Uganda Securities Exchange has grown to sh4,254.5b from sh3,440.7b at the beginning of last year.
Shareholders’ capital also known as market capitalisation gained by sh813.8b on the first trading day of 2007 due to improved share prices across equities.
Simon Rutega, the chief executive officer of the exchange, explained: “The increase in market capitalisation was due to an upward movement of some stocks.
It is also a reflection of good performance of the companies and economy.â€
Variations in market capitalisation are caused by share price changes and new listings.
On the first trading day this year, East African Breweries, the parent company of Uganda Breweries, had the biggest market capitalisation at sh2,347b, Jubilee Holdings sh297.9b and Kenya Airways sh1,407b.
British American Tobacco had sh23.1b, Bank of Baroda sh40b, New Vision sh23.5b and Uganda Clays sh11.5b.
The all share index, which is the performance indicator of the exchange, opened 2007 at 849.75 points from 706.68 in January 2006.
Rutega predicted that market capitalisation would increase when Stanbic Bank lists on January 25.