Uganda Securities Exchange index slips on EABL shares

May 27, 2004

UGANDA Securities Exchange (USE) all share index slipped by 5.49 points to 319.70 in the week to Thursday compared to 325.19 last Thursday due to a fall in the price of East African Breweries (EABL) shares and limited activity on the bourse, an official said.

By Peter Kaujju

UGANDA Securities Exchange (USE) all share index slipped by 5.49 points to 319.70 in the week to Thursday compared to 325.19 last Thursday due to a fall in the price of East African Breweries (EABL) shares and limited activity on the bourse, an official said.

“The all share index slipped because there was a drop in EABL’s share price to sh9,645 from sh9,883 last Thursday. This does not mean companies are doing badly because activities still go on,” said the official.

Market capitalisation dropped to sh1,283.3b from sh1,295.6b.

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